14,579 Shares in Enterprise Financial Services Corporation $EFSC Purchased by Globeflex Capital L P

Globeflex Capital L P bought a new position in Enterprise Financial Services Corporation (NASDAQ:EFSC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,579 shares of the bank’s stock, valued at approximately $960,000.

A number of other large investors have also recently modified their holdings of the business. AQR Capital Management LLC increased its position in shares of Enterprise Financial Services by 14.5% in the first 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Enterprise Financial Services by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock valued at $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 lifted its position in Enterprise Financial Services by 10.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock valued at $5,718,000 after purchasing an additional 9,816 shares during the last quarter. Focus Partners Wealth lifted its position in Enterprise Financial Services by 25.1% during the first quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock valued at $290,000 after purchasing an additional 1,082 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in Enterprise Financial Services by 46.1% in the 1st quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock worth $1,348,000 after buying an additional 7,909 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Trading Down 0.2%

Shares of EFSC opened at $63.52 on Tuesday. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 12.63 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. Enterprise Financial Services Corporation has a fifty-two week low of $51.18 and a fifty-two week high of $68.73. The firm has a 50 day moving average price of $65.52 and a 200-day moving average price of $60.75.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.20). The business had revenue of $187.37 million for the quarter, compared to the consensus estimate of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. As a group, equities research analysts forecast that Enterprise Financial Services Corporation will post 5.31 earnings per share 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 paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, September 15th. Enterprise Financial Services’s payout ratio is 27.83%.

Analyst Ratings Changes

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