Commerce Bank Makes New Investment in Enterprise Financial Services Corporation $EFSC

Commerce Bank bought a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,665 shares of the bank’s stock, valued at approximately $703,000.

Several other large investors have also recently bought and sold shares of EFSC. EverSource Wealth Advisors LLC increased its stake in shares of Enterprise Financial Services by 929.0% in the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after buying an additional 576 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Enterprise Financial Services during the 2nd quarter worth approximately $60,000. Kestra Advisory Services LLC acquired a new stake in Enterprise Financial Services during the 4th quarter worth approximately $99,000. Fifth Third Bancorp bought a new stake in Enterprise Financial Services during the 1st quarter worth approximately $109,000. Finally, Comerica Bank grew its holdings in Enterprise Financial Services by 17.4% during the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock worth $118,000 after acquiring an additional 303 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EFSC has been the subject of several analyst reports. Raymond James Financial raised their price target on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Piper Sandler boosted their price objective on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Finally, Wall Street Zen lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $63.35 on Thursday. The business’s 50 day simple moving average is $65.56 and its 200 day simple moving average is $60.80. Enterprise Financial Services Corporation has a one year low of $51.18 and a one year high of $68.73. The stock has a market capitalization of $2.29 billion, a PE ratio of 12.59 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). The firm had revenue of $187.37 million for the quarter, compared to analyst estimates of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. As a group, research analysts forecast that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, September 15th. Enterprise Financial Services’s dividend payout ratio is currently 27.04%.

About Enterprise Financial Services

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.