Enterprise Financial Services Corporation $EFSC Shares Bought by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. boosted its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 109.8% 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 185,240 shares of the bank’s stock after purchasing an additional 96,926 shares during the quarter. Enterprise Financial Services makes up about 2.8% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 16th largest holding. Endeavour Capital Advisors Inc.’s holdings in Enterprise Financial Services were worth $10,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its position in Enterprise Financial Services by 146.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 969,533 shares of the bank’s stock valued at $56,213,000 after purchasing an additional 576,655 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Enterprise Financial Services by 8.6% in the third quarter. Wellington Management Group LLP now owns 2,622,760 shares of the bank’s stock valued at $152,068,000 after acquiring an additional 207,256 shares in the last quarter. Bank of America Corp DE increased its position in shares of Enterprise Financial Services by 18.5% during the 3rd quarter. Bank of America Corp DE now owns 363,587 shares of the bank’s stock valued at $21,081,000 after purchasing an additional 56,884 shares during the period. Visionary Wealth Advisors grew its holdings in Enterprise Financial Services by 1,009.4% during the second quarter. Visionary Wealth Advisors now owns 57,989 shares of the bank’s stock worth $3,195,000 after acquiring an additional 52,762 shares during the period. Finally, Aptus Capital Advisors LLC grew its stake in shares of Enterprise Financial Services by 15.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 233,226 shares of the bank’s stock worth $13,522,000 after purchasing an additional 30,568 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Mark G. Ponder sold 1,250 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total value of $75,687.50. Following the completion of the transaction, the executive vice president owned 23,526 shares of the company’s stock, valued at approximately $1,424,499.30. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EFSC. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday. DA Davidson upped their price objective on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Piper Sandler raised their price target on Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods upped their price objective on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $66.00.

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC opened at $60.83 on Tuesday. The stock has a market cap of $2.23 billion, a P/E ratio of 11.48 and a beta of 0.79. Enterprise Financial Services Corporation has a 52-week low of $50.88 and a 52-week high of $62.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a 50 day moving average price of $57.13 and a 200 day moving average price of $56.44.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.01. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%.The firm had revenue of $113.74 million for the quarter, compared to analyst estimates of $174.02 million. Analysts expect that Enterprise Financial Services Corporation will post 5.55 EPS for the current year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, June 15th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.2%. Enterprise Financial Services’s dividend payout ratio is 24.91%.

Enterprise Financial Services Profile

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.