Jupiter Topco LLC Takes Position in Enterprise Financial Services Corporation $EFSC

Jupiter Topco LLC purchased a new position in Enterprise Financial Services Corporation (NASDAQ:EFSC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,575 shares of the bank’s stock, valued at approximately $1,093,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in Enterprise Financial Services by 929.0% during 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. purchased a new position in shares of Enterprise Financial Services in the 2nd quarter valued at $60,000. Kestra Advisory Services LLC purchased a new position in shares of Enterprise Financial Services in the 4th quarter valued at $99,000. Fifth Third Bancorp bought a new position in shares of Enterprise Financial Services in the 1st quarter worth $109,000. Finally, Comerica Bank lifted its stake in shares of Enterprise Financial Services by 17.4% during the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock worth $118,000 after purchasing an additional 303 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Price Performance

Shares of EFSC stock opened at $64.66 on Friday. Enterprise Financial Services Corporation has a fifty-two week low of $51.18 and a fifty-two week high of $68.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 12.85 and a beta of 0.78. The stock’s 50-day simple moving average is $65.48 and its 200-day simple moving average is $60.98.

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 the consensus estimate of $1.33 by ($0.20). The company had revenue of $187.37 million during the quarter, compared to analysts’ expectations 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 analysts forecast that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.35 dividend. This is an increase 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 is 27.04%.

Wall Street Analysts Forecast Growth

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

About Enterprise Financial Services

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.