Connor Clark & Lunn Investment Management Ltd. Acquires 8,028 Shares of Enterprise Financial Services Corporation $EFSC

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 30.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,533 shares of the bank’s stock after buying an additional 8,028 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Enterprise Financial Services were worth $1,903,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Summit Securities Group LLC acquired a new stake in shares of Enterprise Financial Services in the 1st quarter valued at approximately $32,000. PNC Financial Services Group Inc. increased its position in Enterprise Financial Services by 302.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank’s stock worth $43,000 after purchasing an additional 596 shares in the last quarter. CWM LLC lifted its stake in Enterprise Financial Services by 83.6% in the 1st quarter. CWM LLC now owns 1,252 shares of the bank’s stock valued at $67,000 after purchasing an additional 570 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Enterprise Financial Services in the second quarter valued at approximately $70,000. Finally, Picton Mahoney Asset Management acquired a new stake in Enterprise Financial Services in the first quarter valued at approximately $71,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $53.47 on Monday. Enterprise Financial Services Corporation has a 52-week low of $45.22 and a 52-week high of $63.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.98 billion, a PE ratio of 10.40 and a beta of 0.90. The business has a 50-day simple moving average of $56.45 and a 200-day simple moving average of $55.94.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, October 27th. The bank reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.10). Enterprise Financial Services had a net margin of 19.98% and a return on equity of 10.98%. The company had revenue of $177.84 million for the quarter, compared to analysts’ expectations of $176.52 million. On average, equities analysts expect that Enterprise Financial Services Corporation will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.4%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, December 15th. Enterprise Financial Services’s payout ratio is currently 24.90%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EFSC. Keefe, Bruyette & Woods lowered their price target 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. Piper Sandler lowered their target price 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. DA Davidson reissued a “buy” rating and set a $69.00 price target on shares of Enterprise Financial Services in a research note on Tuesday, October 28th. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Enterprise Financial Services in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.67.

Enterprise Financial Services 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.