Enterprise Financial Services Corporation $EFSC Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 57.4% in the 4th quarter, HoldingsChannel reports. The fund owned 246,029 shares of the bank’s stock after selling 331,936 shares during the period. William Blair Investment Management LLC’s holdings in Enterprise Financial Services were worth $13,286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EFSC. AQR Capital Management LLC grew its holdings in Enterprise Financial Services by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 58,539 shares of the bank’s stock worth $3,146,000 after acquiring an additional 7,419 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Enterprise Financial Services by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock worth $1,169,000 after acquiring an additional 698 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Enterprise Financial Services by 10.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock worth $5,718,000 after acquiring an additional 9,816 shares in the last quarter. Focus Partners Wealth grew its holdings in Enterprise Financial Services by 25.1% during the 1st quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock worth $290,000 after acquiring an additional 1,082 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in Enterprise Financial Services by 46.1% during the 1st quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock worth $1,348,000 after acquiring an additional 7,909 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Insider Activity

In related news, EVP Mark G. Ponder sold 1,250 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total value of $75,687.50. Following the completion of the sale, the executive vice president owned 23,526 shares in the company, valued at $1,424,499.30. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. DA Davidson boosted their price target on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Piper Sandler boosted their price target on shares of Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Raymond James Financial assumed coverage on shares of Enterprise Financial Services in a report on Tuesday, April 28th. They issued an “outperform” rating and a $65.00 target price for the company. Finally, Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Enterprise Financial Services has a consensus rating of “Moderate Buy” and an average price target of $66.00.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock opened at $60.83 on Tuesday. The company has a fifty day simple moving average of $57.13 and a 200-day simple moving average of $56.44. Enterprise Financial Services Corporation has a 12-month low of $50.88 and a 12-month high of $62.30. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 11.48 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.01. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%. The business had revenue of $113.74 million during the quarter, compared to analysts’ expectations of $174.02 million. On average, equities analysts forecast that Enterprise Financial Services Corporation will post 5.55 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, June 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 24.91%.

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.