NFJ Investment Group LLC Purchases New Shares in Enterprise Financial Services Corporation $EFSC

NFJ Investment Group LLC acquired a new stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) in the 2nd quarter, Holdings Channel reports. The firm acquired 90,965 shares of the bank’s stock, valued at approximately $5,993,000.

A number of other large investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in shares of Enterprise Financial Services by 929.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after buying an additional 576 shares in the last quarter. First Horizon Corp lifted its holdings in shares of Enterprise Financial Services by 55.6% in the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock valued at $38,000 after acquiring an additional 253 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Enterprise Financial Services in the fourth quarter worth about $99,000. Fifth Third Bancorp purchased a new position in Enterprise Financial Services in the first quarter worth about $109,000. Finally, Comerica Bank increased its stake in 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 acquiring an additional 303 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Stock Performance

Shares of NASDAQ:EFSC opened at $64.01 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. Enterprise Financial Services Corporation has a 12 month low of $51.18 and a 12 month high of $68.73. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 12.73 and a beta of 0.79. The firm’s 50-day moving average is $65.52 and its 200 day moving average is $60.68.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.20). The firm had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%. Research analysts predict that Enterprise Financial Services Corporation will post 5.31 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, September 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 27.04%.

Analysts Set New Price Targets

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

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.