Enterprise Financial Services Corporation $EFSC Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 15.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,512 shares of the bank’s stock after purchasing an additional 10,444 shares during the quarter. Sei Investments Co. owned about 0.22% of Enterprise Financial Services worth $4,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 576 shares in the last quarter. First Horizon Corp lifted its position in Enterprise Financial Services by 55.6% during the fourth quarter. First Horizon Corp now owns 708 shares of the bank’s stock worth $38,000 after buying an additional 253 shares in the last quarter. Signaturefd LLC lifted its position in Enterprise Financial Services by 65.0% during the fourth quarter. Signaturefd LLC now owns 812 shares of the bank’s stock worth $44,000 after buying an additional 320 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Enterprise Financial Services during the fourth quarter worth approximately $99,000. Finally, Fifth Third Bancorp acquired a new position in Enterprise Financial Services during the first quarter worth $109,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Price Performance

EFSC stock opened at $66.88 on Thursday. The business has a fifty day moving average of $64.53 and a two-hundred day moving average of $59.96. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 13.30 and a beta of 0.79. Enterprise Financial Services Corporation has a 52-week low of $51.18 and a 52-week high of $68.73.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). The business had revenue of $187.37 million during the quarter, compared to analysts’ expectations 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 anticipate that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.35 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, September 15th. This represents a $1.40 annualized dividend and a yield of 2.1%. Enterprise Financial Services’s payout ratio is presently 27.04%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Piper Sandler raised their target price on Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Raymond James Financial upped their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Wall Street Zen cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Finally, Keefe, Bruyette & Woods lifted their target price 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. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Enterprise Financial Services presently has an average rating of “Moderate Buy” and an average price target of $70.00.

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.