Great Lakes Advisors LLC reduced its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) by 16.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,467 shares of the bank’s stock after selling 22,912 shares during the period. Great Lakes Advisors LLC owned 0.30% of Enterprise Financial Services worth $4,397,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in Enterprise Financial Services by 48.8% during the third quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock worth $32,000 after acquiring an additional 237 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Enterprise Financial Services by 29.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,061 shares of the bank’s stock worth $52,000 after acquiring an additional 243 shares in the last quarter. Jane Street Group LLC lifted its stake in Enterprise Financial Services by 3.5% in the third quarter. Jane Street Group LLC now owns 7,269 shares of the bank’s stock valued at $320,000 after acquiring an additional 249 shares during the last quarter. Bank of Montreal Can grew its position in shares of Enterprise Financial Services by 5.0% in the 2nd quarter. Bank of Montreal Can now owns 5,513 shares of the bank’s stock valued at $237,000 after acquiring an additional 265 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Enterprise Financial Services by 2.7% in the 1st quarter. Arizona State Retirement System now owns 10,246 shares of the bank’s stock valued at $457,000 after purchasing an additional 269 shares during the period. 71.35% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
EFSC has been the topic of a number of recent analyst reports. Piper Sandler lowered their price target on Enterprise Financial Services from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 25th. Raymond James reaffirmed a “market perform” rating on shares of Enterprise Financial Services in a report on Wednesday, July 26th. Finally, StockNews.com upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st.
Enterprise Financial Services Price Performance
Shares of NASDAQ EFSC opened at $39.05 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $37.06 and its 200-day moving average is $39.31. Enterprise Financial Services Corp has a 1-year low of $32.97 and a 1-year high of $56.35. The firm has a market cap of $1.46 billion, a P/E ratio of 7.10 and a beta of 1.04.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.07). Enterprise Financial Services had a return on equity of 13.84% and a net margin of 27.05%. The business had revenue of $212.99 million during the quarter, compared to analyst estimates of $153.59 million. During the same quarter last year, the firm earned $1.31 EPS. Equities research analysts predict that Enterprise Financial Services Corp will post 5.1 earnings per share for the current year.
Enterprise Financial Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, December 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 18.18%.
Enterprise Financial Services Company Profile
Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. It offers checking, savings, and money market accounts, and certificates of deposit. The company also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.
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