Boston Partners Increases Stake in Enterprise Financial Services Corporation $EFSC

Boston Partners lifted its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 5.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,895 shares of the bank’s stock after buying an additional 2,246 shares during the quarter. Boston Partners owned approximately 0.13% of Enterprise Financial Services worth $2,584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EFSC. Summit Securities Group LLC bought a new stake in Enterprise Financial Services in the 1st quarter valued at $32,000. PNC Financial Services Group Inc. grew its position in shares of Enterprise Financial Services by 302.5% during the first quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank’s stock valued at $43,000 after purchasing an additional 596 shares in the last quarter. CWM LLC grew its position in shares of Enterprise Financial Services by 83.6% during the first quarter. CWM LLC now owns 1,252 shares of the bank’s stock valued at $67,000 after purchasing an additional 570 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Enterprise Financial Services in the second quarter worth about $70,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Enterprise Financial Services in the first quarter worth about $71,000. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

NASDAQ:EFSC opened at $53.47 on Friday. The firm has a market capitalization of $1.98 billion, a PE ratio of 10.40 and a beta of 0.90. The stock’s fifty day moving average is $56.45 and its 200 day moving average is $55.89. Enterprise Financial Services Corporation has a fifty-two week low of $45.22 and a fifty-two week high of $63.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, October 27th. The bank reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 $177.84 million for the quarter, compared to the consensus estimate of $176.52 million. On average, sell-side analysts anticipate that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, December 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.31. Enterprise Financial Services’s payout ratio is currently 24.90%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Piper Sandler lowered their target price on 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. Keefe, Bruyette & Woods cut their target price on shares of Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enterprise Financial Services in a research note on Friday, October 31st. Finally, DA Davidson reiterated a “buy” rating and set a $69.00 price objective 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 given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.