Federated Hermes Inc. Lowers Stock Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Federated Hermes Inc. lessened its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,771 shares of the bank’s stock after selling 775 shares during the quarter. Federated Hermes Inc.’s holdings in Enterprise Financial Services were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in Enterprise Financial Services by 11.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank’s stock valued at $80,437,000 after purchasing an additional 220,690 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Enterprise Financial Services by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,946,265 shares of the bank’s stock valued at $72,985,000 after acquiring an additional 14,588 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Enterprise Financial Services by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,413 shares of the bank’s stock valued at $15,428,000 after acquiring an additional 16,069 shares during the period. American Century Companies Inc. lifted its position in shares of Enterprise Financial Services by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 349,266 shares of the bank’s stock valued at $13,097,000 after acquiring an additional 44,694 shares during the period. Finally, Mesirow Institutional Investment Management Inc. lifted its position in shares of Enterprise Financial Services by 4.0% during the 3rd quarter. Mesirow Institutional Investment Management Inc. now owns 283,656 shares of the bank’s stock valued at $10,637,000 after acquiring an additional 10,828 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EFSC. DA Davidson reduced their price target on shares of Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods reduced their price target on shares of Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Finally, Piper Sandler cut their price objective on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Enterprise Financial Services Trading Down 0.2 %

Shares of Enterprise Financial Services stock opened at $39.39 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Financial Services Corp has a 1 year low of $32.97 and a 1 year high of $46.17. The company has a market capitalization of $1.48 billion, a P/E ratio of 8.43 and a beta of 0.99. The business has a 50 day moving average price of $39.11 and a 200 day moving average price of $40.12.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.26 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, June 14th. Enterprise Financial Services’s payout ratio is currently 21.41%.

Enterprise Financial Services Company 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.