AlphaQuest LLC Boosts Stake in Enterprise Financial Services Corporation $EFSC

AlphaQuest LLC lifted its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 250.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 49,847 shares of the bank’s stock after buying an additional 35,611 shares during the period. AlphaQuest LLC’s holdings in Enterprise Financial Services were worth $2,692,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in Enterprise Financial Services by 146.8% during the third quarter. Thrivent Financial for Lutherans now owns 969,533 shares of the bank’s stock worth $56,213,000 after acquiring an additional 576,655 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in Enterprise Financial Services by 15.1% during the third quarter. Aptus Capital Advisors LLC now owns 233,226 shares of the bank’s stock worth $13,522,000 after acquiring an additional 30,568 shares during the last quarter. Convergence Investment Partners LLC bought a new stake in Enterprise Financial Services during the third quarter worth approximately $1,000,000. Endeavour Capital Advisors Inc. increased its stake in Enterprise Financial Services by 24.8% during the third quarter. Endeavour Capital Advisors Inc. now owns 88,314 shares of the bank’s stock worth $5,120,000 after acquiring an additional 17,561 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in Enterprise Financial Services during the third quarter worth approximately $1,211,000. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Up 1.0%

Shares of NASDAQ:EFSC opened at $61.46 on Wednesday. Enterprise Financial Services Corporation has a 52-week low of $51.18 and a 52-week high of $62.30. The stock has a market cap of $2.25 billion, a P/E ratio of 11.60 and a beta of 0.79. The business’s 50 day moving average is $57.29 and its 200 day moving average is $56.50. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.01. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%.The company had revenue of $113.74 million for the quarter, compared to analysts’ expectations of $174.02 million. Sell-side analysts predict that Enterprise Financial Services Corporation will post 5.55 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.34 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.36 annualized dividend and a yield of 2.2%. Enterprise Financial Services’s payout ratio is 24.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Weiss Ratings raised Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Piper Sandler increased their price target on Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods lifted their target price on Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Raymond James Financial initiated coverage on Enterprise Financial Services in a research report on Tuesday, April 28th. They set an “outperform” rating and a $65.00 target price for the company. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Enterprise Financial Services has an average rating of “Moderate Buy” and a consensus price target of $66.00.

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total transaction of $75,687.50. Following the sale, the executive vice president owned 23,526 shares of the company’s stock, valued at approximately $1,424,499.30. This trade represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Enterprise Financial Services Company Profile

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.