Denali Advisors LLC Raises Stock Holdings in Enterprise Financial Services Corporation $EFSC

Denali Advisors LLC lifted its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,800 shares of the bank’s stock after purchasing an additional 14,900 shares during the quarter. Enterprise Financial Services accounts for approximately 0.8% of Denali Advisors LLC’s portfolio, making the stock its 23rd largest position. Denali Advisors LLC’s holdings in Enterprise Financial Services were worth $7,603,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Corp purchased a new position in shares of Enterprise Financial Services during the third quarter worth about $26,000. EverSource Wealth Advisors LLC grew its holdings in shares of Enterprise Financial Services by 929.0% during the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after purchasing an additional 576 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Enterprise Financial Services by 65.0% during the fourth quarter. Signaturefd LLC now owns 812 shares of the bank’s stock worth $44,000 after purchasing an additional 320 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Enterprise Financial Services during the third quarter worth about $92,000. Finally, Comerica Bank grew its holdings in shares of Enterprise Financial Services by 17.4% during the third quarter. Comerica Bank now owns 2,041 shares of the bank’s stock worth $118,000 after purchasing an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $59.83 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. Enterprise Financial Services Corporation has a fifty-two week low of $50.88 and a fifty-two week high of $62.30. The stock has a 50 day moving average price of $56.26 and a two-hundred day moving average price of $55.96. The company has a market capitalization of $2.19 billion, a P/E ratio of 11.29 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.01. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%.The firm had revenue of $113.74 million during the quarter, compared to the consensus estimate of $174.02 million. Analysts expect that Enterprise Financial Services Corporation will post 5.55 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.3%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, June 15th. Enterprise Financial Services’s payout ratio is 24.91%.

Insider Activity at Enterprise Financial Services

In related news, EVP Mark G. Ponder sold 1,250 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total transaction of $75,687.50. Following the sale, the executive vice president directly owned 23,526 shares of the company’s stock, valued at $1,424,499.30. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EFSC. Piper Sandler boosted their price objective on Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Raymond James Financial began coverage on Enterprise Financial Services in a report on Tuesday, April 28th. They set an “outperform” rating and a $65.00 price objective for the company. DA Davidson boosted their price objective on Enterprise Financial Services from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings upgraded Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Enterprise Financial Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

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.