American Century Companies Inc. Sells 2,867 Shares of Enterprise Financial Services Corporation $EFSC

American Century Companies Inc. lessened its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 0.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 909,044 shares of the bank’s stock after selling 2,867 shares during the quarter. American Century Companies Inc.’s holdings in Enterprise Financial Services were worth $50,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in Enterprise Financial Services in the first quarter valued at $32,000. PNC Financial Services Group Inc. lifted its stake in Enterprise Financial Services by 302.5% in the 1st 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 during the last quarter. CWM LLC grew its holdings in Enterprise Financial Services by 83.6% during the first quarter. CWM LLC now owns 1,252 shares of the bank’s stock worth $67,000 after purchasing an additional 570 shares during the period. Ameritas Advisory Services LLC bought a new position in Enterprise Financial Services during the second quarter worth about $70,000. Finally, Picton Mahoney Asset Management bought a new stake in Enterprise Financial Services in the first quarter valued at approximately $71,000. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EFSC shares. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Enterprise Financial Services in a research note on Friday, October 31st. Keefe, Bruyette & Woods reduced 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. DA Davidson reiterated a “buy” rating and set a $69.00 target price on shares of Enterprise Financial Services in a research note on Tuesday, October 28th. Finally, Piper Sandler dropped their price target on Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Enterprise Financial Services currently has a consensus rating of “Moderate Buy” and an average target price of $65.67.

Enterprise Financial Services Trading Down 0.7%

EFSC opened at $54.62 on Friday. The company’s 50 day moving average is $55.09 and its 200-day moving average is $55.94. The company has a market cap of $2.02 billion, a P/E ratio of 10.63 and a beta of 0.90. Enterprise Financial Services Corporation has a 1-year low of $45.22 and a 1-year high of $62.60. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

Enterprise Financial Services (NASDAQ:EFSC) last issued 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 return on equity of 10.98% and a net margin of 19.98%.The firm had revenue of $177.84 million for the quarter, compared to the consensus estimate of $176.52 million. Equities research analysts predict that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal 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 paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.31. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 24.90%.

Enterprise Financial Services Company 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.