Hussman Strategic Advisors Inc. Purchases Shares of 42,000 Enterprise Financial Services Corporation $EFSC

Hussman Strategic Advisors Inc. purchased a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) during the second quarter, HoldingsChannel reports. The institutional investor purchased 42,000 shares of the bank’s stock, valued at approximately $2,314,000.

Several other institutional investors and hedge funds also recently modified their holdings of EFSC. Nuveen LLC acquired a new stake in Enterprise Financial Services in the 1st quarter valued at approximately $22,901,000. Vanguard Group Inc. grew its stake in shares of Enterprise Financial Services by 10.8% during the 1st quarter. Vanguard Group Inc. now owns 2,314,377 shares of the bank’s stock worth $124,375,000 after acquiring an additional 225,369 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Enterprise Financial Services during the 1st quarter worth approximately $4,771,000. Nomura Holdings Inc. acquired a new stake in shares of Enterprise Financial Services in the first quarter valued at approximately $4,226,000. Finally, American Century Companies Inc. lifted its position in shares of Enterprise Financial Services by 7.5% in the first quarter. American Century Companies Inc. now owns 911,911 shares of the bank’s stock worth $49,006,000 after purchasing an additional 63,972 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $52.39 on Tuesday. The company has a market cap of $1.94 billion, a PE ratio of 10.19 and a beta of 0.88. The firm has a 50-day moving average of $57.87 and a 200-day moving average of $55.78. Enterprise Financial Services Corporation has a one year low of $45.22 and a one year high of $63.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.88 and a quick ratio of 0.88.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, October 27th. The bank reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.10). Enterprise Financial Services had a net margin of 19.98% and a return on equity of 10.98%. The firm had revenue of ($325.26) million during the quarter, compared to analyst estimates of $176.52 million. As a group, equities analysts forecast that Enterprise Financial Services Corporation will post 4.97 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 Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.4%. Enterprise Financial Services’s payout ratio is 24.90%.

Analyst Ratings Changes

A number of research firms recently weighed in on EFSC. Piper Sandler decreased their target price on shares of Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Enterprise Financial Services in a research note on Friday. Wall Street Zen cut Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday. Keefe, Bruyette & Woods dropped their target price on Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Finally, DA Davidson reissued a “buy” rating and set a $69.00 price target on shares of Enterprise Financial Services in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Enterprise Financial Services Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.