Maltese Capital Management LLC Decreases Position in Enterprise Financial Services Corporation $EFSC

Maltese Capital Management LLC lessened its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 30.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,559 shares of the bank’s stock after selling 24,441 shares during the period. Maltese Capital Management LLC’s holdings in Enterprise Financial Services were worth $3,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in Enterprise Financial Services by 929.0% in the 2nd 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. First Horizon Corp boosted its position in Enterprise Financial Services by 55.6% in the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock valued at $38,000 after buying an additional 253 shares during the period. Signaturefd LLC boosted its position in Enterprise Financial Services by 65.0% in the 4th quarter. Signaturefd LLC now owns 812 shares of the bank’s stock valued at $44,000 after buying an additional 320 shares during the period. Kestra Advisory Services LLC purchased a new position in Enterprise Financial Services in the 4th quarter valued at approximately $99,000. Finally, Comerica Bank boosted its position in Enterprise Financial Services by 17.4% in the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock valued at $118,000 after buying an additional 303 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insider Activity

In other news, EVP Mark G. Ponder sold 1,250 shares of Enterprise Financial Services stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total transaction of $75,687.50. Following the completion of the sale, the executive vice president directly owned 23,526 shares of the company’s stock, valued at approximately $1,424,499.30. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

EFSC has been the subject of several recent research reports. Raymond James Financial initiated coverage on shares of Enterprise Financial Services in a research report on Tuesday, April 28th. They issued an “outperform” rating and a $65.00 price target for the company. Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings raised shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Enterprise Financial Services presently has a consensus rating of “Moderate Buy” and an average price target of $66.00.

Enterprise Financial Services Price Performance

Enterprise Financial Services stock opened at $62.77 on Tuesday. The stock has a market cap of $2.30 billion, a P/E ratio of 11.84 and a beta of 0.80. The company has a fifty day simple moving average of $59.46 and a 200-day simple moving average of $57.32. Enterprise Financial Services Corporation has a 12-month low of $51.18 and a 12-month high of $64.56. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.01. The business had revenue of $188.85 million during the quarter, compared to analysts’ expectations of $174.02 million. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%. Equities analysts expect that Enterprise Financial Services Corporation will post 5.55 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.34 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.2%. Enterprise Financial Services’s dividend payout ratio is presently 24.91%.

Enterprise Financial Services 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.