Peregrine Capital Management LLC Lowers Stock Position in Enterprise Financial Services Corporation $EFSC

Peregrine Capital Management LLC trimmed its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,335 shares of the bank’s stock after selling 8,118 shares during the period. Peregrine Capital Management LLC’s holdings in Enterprise Financial Services were worth $4,563,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Aptus Capital Advisors LLC increased its stake in Enterprise Financial Services by 15.1% during the third quarter. Aptus Capital Advisors LLC now owns 233,226 shares of the bank’s stock worth $13,522,000 after acquiring an additional 30,568 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Enterprise Financial Services by 3,318.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,472 shares of the bank’s stock worth $1,537,000 after purchasing an additional 27,639 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Enterprise Financial Services by 2.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 995,541 shares of the bank’s stock worth $53,759,000 after purchasing an additional 26,008 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Enterprise Financial Services during the 3rd quarter worth approximately $1,211,000. Finally, Clayton Financial Group LLC acquired a new stake in Enterprise Financial Services during the 4th quarter worth approximately $540,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Enterprise Financial Services Stock Performance

Shares of NASDAQ:EFSC opened at $66.90 on Thursday. The company has a market cap of $2.45 billion, a P/E ratio of 12.62 and a beta of 0.78. Enterprise Financial Services Corporation has a one year low of $51.18 and a one year high of $67.53. The business’s 50-day simple moving average is $61.13 and its 200 day simple moving average is $58.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%. The company had revenue of $188.85 million for the quarter, compared to analyst estimates of $174.02 million. On average, sell-side analysts forecast that Enterprise Financial Services Corporation will post 5.57 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s dividend payout ratio is currently 25.66%.

Insider Buying and Selling at Enterprise Financial Services

In other news, EVP Mark G. Ponder sold 1,250 shares of Enterprise Financial Services stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total transaction of $75,687.50. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EFSC has been the topic of several research reports. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Raymond James Financial increased their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday. Piper Sandler raised their target price on shares of Enterprise Financial Services from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Enterprise Financial Services currently has an average rating of “Moderate Buy” and an average price target of $68.50.

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.