GSA Capital Partners LLP Invests $765,000 in Enterprise Financial Services Corporation $EFSC

GSA Capital Partners LLP bought a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) in the second quarter, HoldingsChannel.com reports. The firm bought 11,610 shares of the bank’s stock, valued at approximately $765,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC raised its stake in Enterprise Financial Services by 14.5% in the 1st quarter. AQR Capital Management LLC now owns 58,539 shares of the bank’s stock worth $3,146,000 after purchasing an additional 7,419 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Enterprise Financial Services by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock worth $1,169,000 after purchasing an additional 698 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Enterprise Financial Services by 10.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock worth $5,718,000 after purchasing an additional 9,816 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Enterprise Financial Services by 25.1% during the first quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock worth $290,000 after purchasing an additional 1,082 shares during the period. Finally, Intech Investment Management LLC increased its holdings in shares of Enterprise Financial Services by 46.1% during the first quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock worth $1,348,000 after purchasing an additional 7,909 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Stock Down 2.8%

Shares of Enterprise Financial Services stock opened at $63.59 on Thursday. The stock’s 50-day moving average is $65.50 and its 200 day moving average is $60.63. Enterprise Financial Services Corporation has a one year low of $51.18 and a one year high of $68.73. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 12.64 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results 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 return on equity of 9.70% and a net margin of 18.72%.The business had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. Equities research analysts anticipate that Enterprise Financial Services Corporation will post 5.31 EPS for the current year.

Enterprise Financial Services Increases Dividend

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

Wall Street Analysts Forecast Growth

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

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.