Inceptionr LLC Takes Position in Enterprise Financial Services Corporation $EFSC

Inceptionr LLC purchased a new position in Enterprise Financial Services Corporation (NASDAQ:EFSC) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,023 shares of the bank’s stock, valued at approximately $488,000.

Several other large investors also recently made changes to their positions in EFSC. Wellington Management Group LLP lifted its holdings in Enterprise Financial Services by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock worth $159,414,000 after purchasing an additional 329,346 shares during the last quarter. Vanguard Group Inc. boosted its position in Enterprise Financial Services by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,371,519 shares of the bank’s stock worth $128,062,000 after purchasing an additional 13,956 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Enterprise Financial Services by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank’s stock valued at $118,435,000 after purchasing an additional 65,912 shares during the period. First Trust Advisors LP raised its position in shares of Enterprise Financial Services by 6.0% in the fourth quarter. First Trust Advisors LP now owns 1,471,244 shares of the bank’s stock valued at $79,447,000 after purchasing an additional 83,626 shares during the period. Finally, Thrivent Financial for Lutherans boosted 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 buying an additional 26,008 shares during the period. Institutional investors own 72.21% of the company’s stock.

Insider Activity

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total value of $75,687.50. Following the completion of the transaction, 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 SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on EFSC shares. Wall Street Zen lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Raymond James Financial raised their price target on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods lifted their price objective on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday. Piper Sandler boosted their price objective on Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.75.

Enterprise Financial Services Trading Up 1.5%

Shares of EFSC stock opened at $65.99 on Friday. The firm has a fifty day moving average of $63.57 and a 200-day moving average of $59.29. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 13.12 and a beta of 0.79. Enterprise Financial Services Corporation has a 52-week low of $51.18 and a 52-week high of $68.73. 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 released its quarterly earnings data 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 9.73%. The company had revenue of $182.19 million for the quarter, compared to analyst estimates of $189.15 million. On average, equities research analysts forecast that Enterprise Financial Services Corporation will post 5.49 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.35 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 27.04%.

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.