Mirae Asset Global Investments Co. Ltd. Boosts Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,338 shares of the bank’s stock after purchasing an additional 853 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Enterprise Financial Services were worth $729,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of Enterprise Financial Services by 263.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,469 shares of the bank’s stock worth $55,000 after buying an additional 1,065 shares during the last quarter. Emerald Advisers LLC bought a new stake in shares of Enterprise Financial Services in the third quarter worth $67,000. Allspring Global Investments Holdings LLC increased its stake in shares of Enterprise Financial Services by 14.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,686 shares of the bank’s stock worth $138,000 after buying an additional 466 shares during the last quarter. Dakota Wealth Management bought a new stake in shares of Enterprise Financial Services in the third quarter worth $201,000. Finally, Federated Hermes Inc. increased its stake in shares of Enterprise Financial Services by 33.5% in the third quarter. Federated Hermes Inc. now owns 5,546 shares of the bank’s stock worth $208,000 after buying an additional 1,393 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EFSC. DA Davidson dropped their price target on shares of Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday. Keefe, Bruyette & Woods decreased their price objective on shares of Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Piper Sandler decreased their price objective on shares of Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Enterprise Financial Services presently has an average rating of “Moderate Buy” and a consensus target price of $47.75.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $39.13 on Thursday. Enterprise Financial Services Corp has a 1 year low of $32.97 and a 1 year high of $46.17. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 8.38 and a beta of 0.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a fifty day moving average of $39.40 and a 200-day moving average of $40.04.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.02. Enterprise Financial Services had a net margin of 20.60% and a return on equity of 11.50%. The company had revenue of $166.18 million during the quarter, compared to the consensus estimate of $157.53 million. As a group, equities analysts anticipate that Enterprise Financial Services Corp will post 4.47 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, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.26 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, June 14th. This represents a $1.04 annualized dividend and a dividend yield of 2.66%. Enterprise Financial Services’s payout ratio is 21.41%.

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.