Bridgeway Capital Management LLC Reduces Holdings in Enterprise Financial Services Corporation $EFSC

Bridgeway Capital Management LLC trimmed its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,875 shares of the bank’s stock after selling 9,401 shares during the period. Bridgeway Capital Management LLC owned approximately 0.86% of Enterprise Financial Services worth $17,111,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EFSC. AQR Capital Management LLC grew its position in shares of Enterprise Financial Services by 14.5% in the 1st quarter. AQR Capital Management LLC now owns 58,539 shares of the bank’s stock valued at $3,146,000 after buying an additional 7,419 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Enterprise Financial Services by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock valued at $1,169,000 after buying an additional 698 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 purchasing an additional 9,816 shares during the period. Focus Partners Wealth boosted its stake 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 purchasing an additional 1,082 shares during the period. Finally, Intech Investment Management LLC boosted its stake 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 purchasing an additional 7,909 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $61.97 on Thursday. The company has a 50-day simple moving average of $59.75 and a 200-day simple moving average of $57.42. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.27 billion, a PE ratio of 11.69 and a beta of 0.80. Enterprise Financial Services Corporation has a 52-week low of $51.18 and a 52-week high of $64.56.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. The business had revenue of $188.85 million during the quarter, compared to the consensus estimate of $174.02 million. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%. Equities research analysts predict that Enterprise Financial Services Corporation will post 5.55 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 Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.34 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s payout ratio is 25.66%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Keefe, Bruyette & Woods increased their price target on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Raymond James Financial assumed coverage on shares of Enterprise Financial Services in a research note on Tuesday, April 28th. They set an “outperform” rating and a $65.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.00.

Insider Activity

In other news, EVP Mark G. Ponder sold 1,250 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 23,526 shares in the company, valued at $1,424,499.30. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Enterprise Financial Services 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.