First Trust Advisors LP Sells 35,347 Shares of Enterprise Financial Services Corporation $EFSC

First Trust Advisors LP trimmed its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,387,618 shares of the bank’s stock after selling 35,347 shares during the period. First Trust Advisors LP owned about 3.75% of Enterprise Financial Services worth $80,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Aptus Capital Advisors LLC raised its holdings in shares of Enterprise Financial Services by 15.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 233,226 shares of the bank’s stock valued at $13,522,000 after purchasing an additional 30,568 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Enterprise Financial Services by 6.5% during the third quarter. Victory Capital Management Inc. now owns 13,933 shares of the bank’s stock valued at $808,000 after purchasing an additional 845 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its holdings in Enterprise Financial Services by 11.3% during the third quarter. Focus Partners Advisor Solutions LLC now owns 7,001 shares of the bank’s stock valued at $401,000 after buying an additional 712 shares during the period. American Century Companies Inc. increased its holdings in Enterprise Financial Services by 1.2% during the third quarter. American Century Companies Inc. now owns 919,831 shares of the bank’s stock valued at $53,332,000 after buying an additional 10,787 shares during the period. Finally, Jag Capital Management LLC raised its stake in Enterprise Financial Services by 1.7% in the third quarter. Jag Capital Management LLC now owns 11,336 shares of the bank’s stock worth $657,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analyst Ratings Changes

EFSC has been the subject of a number of analyst reports. Weiss Ratings upgraded Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. DA Davidson lifted their price target on Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Piper Sandler boosted their price target on Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.00.

Enterprise Financial Services Trading Down 1.0%

NASDAQ:EFSC opened at $54.03 on Tuesday. Enterprise Financial Services Corporation has a 52 week low of $45.22 and a 52 week high of $62.30. The firm has a 50 day moving average of $57.20 and a 200 day moving average of $56.79. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 10.18 and a beta of 0.82.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, January 26th. The bank reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). The firm had revenue of $190.95 million during the quarter, compared to analysts’ expectations of $188.54 million. Enterprise Financial Services had a return on equity of 10.57% and a net margin of 20.15%. As a group, sell-side analysts anticipate that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.33 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 2.4%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 24.11%.

About Enterprise Financial Services

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.