Deutsche Bank AG Acquires New Holdings in Enterprise Financial Services Corporation $EFSC

Deutsche Bank AG purchased a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 38,961 shares of the bank’s stock, valued at approximately $2,567,000.

A number of other institutional investors have also made changes to their positions in EFSC. EverSource Wealth Advisors LLC increased its position in Enterprise Financial Services by 929.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after buying an additional 576 shares during the period. Kestra Advisory Services LLC acquired a new position in Enterprise Financial Services during the 4th quarter valued at $99,000. Fifth Third Bancorp bought a new stake in Enterprise Financial Services in the 1st quarter valued at $109,000. Comerica Bank boosted its holdings in Enterprise Financial Services by 17.4% in the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock valued at $118,000 after purchasing an additional 303 shares during the period. Finally, Federated Hermes Inc. grew its position in Enterprise Financial Services by 106.0% in the 2nd quarter. Federated Hermes Inc. now owns 2,182 shares of the bank’s stock worth $120,000 after purchasing an additional 1,123 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Stock Performance

EFSC stock opened at $63.50 on Friday. Enterprise Financial Services Corporation has a twelve month low of $51.18 and a twelve month high of $68.73. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.30 billion, a P/E ratio of 12.62 and a beta of 0.79. The business’s fifty day moving average is $65.59 and its 200-day moving average is $60.83.

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 the consensus estimate of $1.33 by ($0.20). Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%.The firm had revenue of $187.37 million for the quarter, compared to the consensus estimate of $189.15 million. Equities research analysts forecast that Enterprise Financial Services Corporation will post 5.31 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 27.04%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EFSC shares. Raymond James Financial upped their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Keefe, Bruyette & Woods upped their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Wall Street Zen downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Finally, Piper Sandler lifted their price objective on Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Enterprise Financial Services presently has an average rating of “Moderate Buy” and an average price target 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.