Envestnet Asset Management Inc. Acquires 373 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Envestnet Asset Management Inc. boosted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSCGet Rating) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,576 shares of the bank’s stock after acquiring an additional 373 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Enterprise Financial Services were worth $1,061,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Enterprise Financial Services by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,826,207 shares of the bank’s stock worth $86,398,000 after buying an additional 10,203 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Enterprise Financial Services by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,116,234 shares of the bank’s stock worth $52,810,000 after purchasing an additional 25,403 shares during the last quarter. State Street Corp increased its stake in shares of Enterprise Financial Services by 5.4% during the 1st quarter. State Street Corp now owns 1,076,939 shares of the bank’s stock worth $50,950,000 after purchasing an additional 55,090 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Enterprise Financial Services by 3.3% during the 2nd quarter. Jennison Associates LLC now owns 1,008,733 shares of the bank’s stock worth $41,862,000 after purchasing an additional 32,449 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Enterprise Financial Services by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 280,785 shares of the bank’s stock worth $13,284,000 after purchasing an additional 15,895 shares during the last quarter. Institutional investors own 69.03% of the company’s stock.

Enterprise Financial Services Stock Down 0.2 %

Enterprise Financial Services stock opened at $52.65 on Thursday. Enterprise Financial Services Corp has a 1-year low of $39.63 and a 1-year high of $54.31. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 10.38 and a beta of 1.17. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. The firm has a 50 day simple moving average of $48.97 and a 200 day simple moving average of $46.18.

Enterprise Financial Services (NASDAQ:EFSCGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The bank reported $1.32 EPS for the quarter, beating the consensus estimate of $1.24 by $0.08. Enterprise Financial Services had a net margin of 36.51% and a return on equity of 13.91%. During the same period in the prior year, the business posted $1.27 earnings per share. On average, analysts predict that Enterprise Financial Services Corp will post 5.08 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.82%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, December 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 18.15%.

Wall Street Analyst Weigh In

EFSC has been the subject of several research analyst reports. StockNews.com lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Monday. Raymond James raised their price target on shares of Enterprise Financial Services from $53.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 26th. Piper Sandler lifted their price objective on shares of Enterprise Financial Services to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Finally, DA Davidson upgraded shares of Enterprise Financial Services from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $46.00 to $60.00 in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Enterprise Financial Services presently has an average rating of “Moderate Buy” and a consensus target price of $56.33.

Enterprise Financial Services Company Profile

(Get Rating)

Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers checking, savings, and money market accounts, and certificates of deposit. It also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.

See Also

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Institutional Ownership by Quarter for Enterprise Financial Services (NASDAQ:EFSC)

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