Enterprise Financial Services Corporation $EFSC Shares Sold by Susquehanna International Group LLP

Susquehanna International Group LLP lessened its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 15.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,109 shares of the bank’s stock after selling 17,659 shares during the period. Susquehanna International Group LLP’s holdings in Enterprise Financial Services were worth $6,595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of Enterprise Financial Services by 929.0% in the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after buying an additional 576 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Enterprise Financial Services in the 2nd quarter worth approximately $60,000. Kestra Advisory Services LLC bought a new stake in Enterprise Financial Services during the fourth quarter valued at $99,000. Fifth Third Bancorp bought a new stake in shares of Enterprise Financial Services during the 1st quarter valued at about $109,000. 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 valued at $118,000 after purchasing an additional 303 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock opened at $63.59 on Monday. The company’s fifty day simple moving average is $65.62 and its 200-day simple moving average is $60.85. Enterprise Financial Services Corporation has a 1 year low of $51.18 and a 1 year high of $68.73. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 12.64 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, sell-side analysts expect 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. Investors of record on Tuesday, September 15th will be issued a $0.35 dividend. This is a positive change 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%. The ex-dividend date of this dividend is Tuesday, September 15th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 27.83%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EFSC shares. Wall Street Zen cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Piper Sandler boosted their price objective 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. Raymond James Financial increased their target price on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods increased their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Four equities 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, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.