Acropolis Investment Management LLC Acquires 19,440 Shares of Enterprise Financial Services Corporation $EFSC

Acropolis Investment Management LLC increased its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 161.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 31,480 shares of the bank’s stock after purchasing an additional 19,440 shares during the period. Acropolis Investment Management LLC’s holdings in Enterprise Financial Services were worth $1,735,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in Enterprise Financial Services by 929.0% in the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after acquiring an additional 576 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of 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 in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at approximately $70,000. Federated Hermes Inc. grew its holdings in shares of Enterprise Financial Services by 106.0% during the 2nd quarter. Federated Hermes Inc. now owns 2,182 shares of the bank’s stock valued at $120,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Quarry LP increased its position in Enterprise Financial Services by 6,110.3% during the 1st quarter. Quarry LP now owns 2,422 shares of the bank’s stock worth $130,000 after purchasing an additional 2,383 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EFSC. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enterprise Financial Services in a research note on Friday, October 31st. Piper Sandler reduced their price objective on Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. DA Davidson reiterated a “buy” rating and issued a $69.00 target price on shares of Enterprise Financial Services in a research report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods cut their price target on Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating on the stock in a research note 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.67.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock opened at $56.14 on Thursday. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 10.92 and a beta of 0.84. Enterprise Financial Services Corporation has a twelve month low of $45.22 and a twelve month high of $62.60. The company’s fifty day moving average is $54.53 and its 200 day moving average is $56.17. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.35.

Enterprise Financial Services (NASDAQ:EFSC) last announced 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). The company had revenue of $177.84 million for the quarter, compared to the consensus estimate of $176.52 million. Enterprise Financial Services had a return on equity of 10.82% and a net margin of 19.98%. Sell-side analysts forecast that Enterprise Financial Services Corporation will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business 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 dividend of $0.32 per share. 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. The ex-dividend date is Monday, December 15th. Enterprise Financial Services’s dividend payout ratio is 24.90%.

About Enterprise Financial Services

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.