LM Advisors LLC Takes $714,000 Position in Enterprise Financial Services Corporation $EFSC

LM Advisors LLC acquired a new stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) during the 2nd quarter, Holdings Channel reports. The fund acquired 10,832 shares of the bank’s stock, valued at approximately $714,000.

Several other institutional investors and hedge funds have also modified their holdings of EFSC. AQR Capital Management LLC grew its stake in Enterprise Financial Services by 14.5% in the 1st quarter. AQR Capital Management LLC now owns 58,539 shares of the bank’s stock worth $3,146,000 after acquiring an additional 7,419 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Enterprise Financial Services by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock valued at $1,169,000 after acquiring an additional 698 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Enterprise Financial Services by 10.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock worth $5,718,000 after purchasing an additional 9,816 shares during the period. Focus Partners Wealth lifted its stake in shares of Enterprise Financial Services by 25.1% during the 1st quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock worth $290,000 after purchasing an additional 1,082 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of Enterprise Financial Services by 46.1% during the first quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock worth $1,348,000 after purchasing an additional 7,909 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $63.67 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 12.66 and a beta of 0.79. Enterprise Financial Services Corporation has a one year low of $51.18 and a one year high of $68.73. The company has a 50 day moving average price of $65.51 and a 200 day moving average price of $60.70.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly 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). Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. The company had revenue of $187.37 million during the quarter, compared to analyst estimates of $189.15 million. Sell-side analysts anticipate that Enterprise Financial Services Corporation will post 5.31 EPS for the current year.

Enterprise Financial Services Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EFSC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Wall Street Zen downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Keefe, Bruyette & Woods increased their target price on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Raymond James Financial raised their price target on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Finally, Piper Sandler lifted their price target on Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Enterprise Financial Services Company Profile

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.