Rafferty Asset Management LLC Acquires 6,779 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Rafferty Asset Management LLC boosted its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSCFree Report) by 25.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,070 shares of the bank’s stock after purchasing an additional 6,779 shares during the quarter. Rafferty Asset Management LLC owned about 0.09% of Enterprise Financial Services worth $1,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in Enterprise Financial Services by 263.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,469 shares of the bank’s stock valued at $55,000 after buying an additional 1,065 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Enterprise Financial Services by 8.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,010 shares of the bank’s stock worth $179,000 after acquiring an additional 324 shares during the period. Strs Ohio increased its stake in shares of Enterprise Financial Services by 9.5% during the fourth quarter. Strs Ohio now owns 4,600 shares of the bank’s stock worth $205,000 after purchasing an additional 400 shares during the period. Federated Hermes Inc. lifted its holdings in Enterprise Financial Services by 33.5% during the 3rd quarter. Federated Hermes Inc. now owns 5,546 shares of the bank’s stock worth $208,000 after purchasing an additional 1,393 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Enterprise Financial Services in the 3rd quarter valued at $218,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Stock Down 0.2 %

Shares of NASDAQ EFSC opened at $38.04 on Tuesday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 8.15 and a beta of 0.98. The stock’s fifty day moving average is $38.95 and its 200 day moving average is $40.57. Enterprise Financial Services Corp has a 52 week low of $32.97 and a 52 week high of $46.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 0.92.

Enterprise Financial Services (NASDAQ:EFSCGet Free Report) last released its earnings results on Monday, April 22nd. The bank reported $1.07 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.03). Enterprise Financial Services had a net margin of 20.60% and a return on equity of 11.35%. The firm had revenue of $149.89 million during the quarter, compared to the consensus estimate of $156.04 million. Sell-side analysts forecast that Enterprise Financial Services Corp will post 4.32 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.73%. Enterprise Financial Services’s dividend payout ratio is presently 22.27%.

Analyst Ratings Changes

Several research analysts have weighed in on EFSC shares. Keefe, Bruyette & Woods lowered their price objective on Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. DA Davidson dropped their price objective 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, April 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Enterprise Financial Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Read Our Latest Analysis on EFSC

Enterprise Financial Services Company Profile

(Free Report)

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.

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

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