Susquehanna Fundamental Investments LLC Buys Shares of 21,603 Enterprise Financial Services Corporation $EFSC

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,603 shares of the bank’s stock, valued at approximately $1,423,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of Enterprise Financial Services as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EFSC. EverSource Wealth Advisors LLC raised its holdings in shares of Enterprise Financial Services by 929.0% during the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after acquiring an additional 576 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Enterprise Financial Services in the second quarter valued at about $60,000. Kestra Advisory Services LLC acquired a new position in Enterprise Financial Services in the 4th quarter worth about $99,000. Fifth Third Bancorp acquired a new position in Enterprise Financial Services in the 1st quarter worth about $109,000. Finally, Comerica Bank raised its stake in shares of Enterprise Financial Services by 17.4% during the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock worth $118,000 after purchasing an additional 303 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Enterprise Financial Services Stock Performance

EFSC opened at $62.80 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $2.27 billion, a PE ratio of 12.49 and a beta of 0.79. The stock has a 50-day moving average of $65.58 and a 200-day moving average of $60.91. Enterprise Financial Services Corporation has a 52-week low of $51.18 and a 52-week high of $68.73.

Enterprise Financial Services (NASDAQ:EFSC) last issued 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 9.70%. The company had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. As a group, equities research analysts forecast that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.2%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, September 15th. Enterprise Financial Services’s dividend payout ratio is 27.04%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EFSC. Raymond James Financial lifted their price target on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Wall Street Zen cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Keefe, Bruyette & Woods boosted their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Piper Sandler increased their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

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.