Enterprise Financial Services Corp (NASDAQ:EFSC) is PL Capital Advisors LLC’s 2nd Largest Position

PL Capital Advisors LLC raised its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC – Get Rating) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 780,829 shares of the bank’s stock after purchasing an additional 12,859 shares during the period. Enterprise Financial Services accounts for approximately 10.7% of PL Capital Advisors LLC’s portfolio, making the stock its 2nd biggest holding. PL Capital Advisors LLC’s holdings in Enterprise Financial Services were worth $39,062,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Enterprise Financial Services by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,826,207 shares of the bank’s stock valued at $86,398,000 after purchasing an additional 10,203 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Enterprise Financial Services by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,261,332 shares of the bank’s stock valued at $55,551,000 after purchasing an additional 29,054 shares in the last quarter. Jennison Associates LLC grew its position in Enterprise Financial Services by 7.5% in the third quarter. Jennison Associates LLC now owns 1,084,401 shares of the bank’s stock worth $47,757,000 after acquiring an additional 75,668 shares in the last quarter. State Street Corp grew its position in Enterprise Financial Services by 5.4% in the first quarter. State Street Corp now owns 1,076,939 shares of the bank’s stock worth $50,950,000 after acquiring an additional 55,090 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in Enterprise Financial Services by 1.8% in the third quarter. Macquarie Group Ltd. now owns 1,015,212 shares of the bank’s stock worth $44,725,000 after acquiring an additional 17,871 shares in the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on EFSC shares. Piper Sandler decreased their target price on shares of Enterprise Financial Services from $54.00 to $48.00 in a research report on Wednesday, April 26th. StockNews.com assumed coverage on Enterprise Financial Services in a research note on Thursday, March 16th. They set a “hold” rating for the company. Finally, Raymond James decreased their price target on Enterprise Financial Services from $52.00 to $50.00 in a research note on Wednesday, April 26th.

Insider Buying and Selling at Enterprise Financial Services

In other news, Director Lyne Andrich acquired 1,840 shares of Enterprise Financial Services stock in a transaction on Monday, February 27th. The stock was bought at an average price of $54.35 per share, for a total transaction of $100,004.00. Following the transaction, the director now owns 2,302 shares of the company’s stock, valued at $125,113.70. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Enterprise Financial Services Price Performance

NASDAQ EFSC opened at $38.44 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $43.92 and a 200 day simple moving average of $48.94. The company has a market cap of $1.43 billion, a P/E ratio of 6.93 and a beta of 1.12. Enterprise Financial Services Corp has a 1 year low of $36.16 and a 1 year high of $56.35.

Enterprise Financial Services (NASDAQ:EFSC – Get Rating) last announced its earnings results on Tuesday, April 25th. The bank reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.09. Enterprise Financial Services had a return on equity of 14.73% and a net margin of 33.24%. The firm had revenue of $185.93 million during the quarter, compared to the consensus estimate of $154.13 million. During the same quarter in the prior year, the company earned $1.23 EPS. On average, sell-side analysts predict that Enterprise Financial Services Corp will post 5.37 EPS for the current year.

Enterprise Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Wednesday, June 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 18.02%.

About Enterprise Financial Services

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Enterprise Financial Services Corp. operates as a financial holding company. The firm engages in the provision of business and personal banking services and wealth management services. It also offers lending services which include commercial and industrial commercial real estate, real estate construction and development, residential real estate and consumer loans.