39,200 Shares in Enterprise Financial Services Corporation $EFSC Acquired by Midwest Trust Co

Midwest Trust Co acquired a new stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 39,200 shares of the bank’s stock, valued at approximately $2,160,000.

Other institutional investors also recently bought and sold shares of the company. Summit Securities Group LLC bought a new position in shares of Enterprise Financial Services in the first quarter worth approximately $32,000. PNC Financial Services Group Inc. lifted its stake in shares of Enterprise Financial Services by 302.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank’s stock valued at $43,000 after buying an additional 596 shares in the last quarter. CWM LLC lifted its stake in shares of Enterprise Financial Services by 83.6% during the 1st quarter. CWM LLC now owns 1,252 shares of the bank’s stock valued at $67,000 after buying an additional 570 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Enterprise Financial Services in the 2nd quarter worth $70,000. Finally, Picton Mahoney Asset Management purchased a new stake in Enterprise Financial Services in the 1st quarter worth $71,000. 72.21% of the stock is owned by institutional investors.

Enterprise Financial Services Stock Up 1.4%

Shares of NASDAQ:EFSC opened at $53.47 on Tuesday. Enterprise Financial Services Corporation has a 52-week low of $45.22 and a 52-week high of $63.13. The stock has a market cap of $1.98 billion, a P/E ratio of 10.40 and a beta of 0.90. The business’s 50 day moving average is $57.05 and its 200 day moving average is $55.90. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.36.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, October 27th. The bank reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.10). The business had revenue of ($325.26) million for the quarter, compared to analysts’ expectations of $176.52 million. Enterprise Financial Services had a net margin of 19.98% and a return on equity of 10.98%. Sell-side analysts predict that Enterprise Financial Services Corporation will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.31. Enterprise Financial Services’s payout ratio is 24.90%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EFSC shares. DA Davidson reaffirmed a “buy” rating and set a $69.00 price objective on shares of Enterprise Financial Services in a report on Tuesday, October 28th. Keefe, Bruyette & Woods dropped their target price on shares of Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enterprise Financial Services in a report on Friday, October 31st. Piper Sandler decreased their price target on shares of Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Finally, Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Sunday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Enterprise Financial Services presently has an average rating of “Moderate Buy” and a consensus price target of $65.67.

Enterprise Financial Services Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.