LM Advisors LLC Makes New $714,000 Investment in Enterprise Financial Services Corporation $EFSC

LM Advisors LLC bought a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,832 shares of the bank’s stock, valued at approximately $714,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EFSC. BlackRock Inc. acquired a new stake in shares of Enterprise Financial Services in the 2nd quarter worth approximately $235,007,000. Wellington Management Group LLP increased its stake in Enterprise Financial Services by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock valued at $159,414,000 after purchasing an additional 329,346 shares in the last quarter. Vanguard Group Inc. raised its holdings in Enterprise Financial Services by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,371,519 shares of the bank’s stock worth $128,062,000 after purchasing an additional 13,956 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Enterprise Financial Services by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank’s stock worth $118,435,000 after purchasing an additional 65,912 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Enterprise Financial Services by 6.0% during the fourth quarter. First Trust Advisors LP now owns 1,471,244 shares of the bank’s stock worth $79,447,000 after purchasing an additional 83,626 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EFSC shares. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Piper Sandler lifted their price target on Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods boosted their price objective 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. 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. Finally, Raymond James Financial raised their target price on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Enterprise Financial Services has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Enterprise Financial Services Price Performance

EFSC stock opened at $63.67 on Friday. Enterprise Financial Services Corporation has a 1 year low of $51.18 and a 1 year high of $68.73. 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 stock’s 50 day moving average price is $65.51 and its 200 day moving average price is $60.70. The firm has a market cap of $2.30 billion, a P/E ratio of 12.66 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). The company had revenue of $187.37 million for the quarter, compared to analyst estimates of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Enterprise Financial Services’s dividend payout ratio is 27.04%.

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.