Enterprise Financial Services Corporation $EFSC Shares Purchased by Lido Advisors LLC

Lido Advisors LLC raised its position in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 220.4% during the first quarter, Holdings Channel.com reports. The firm owned 20,409 shares of the bank’s stock after buying an additional 14,040 shares during the period. Lido Advisors LLC’s holdings in Enterprise Financial Services were worth $1,104,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Enterprise Financial Services by 929.0% during the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after buying an additional 576 shares in the last quarter. First Horizon Corp lifted its stake in shares of Enterprise Financial Services by 55.6% during the fourth quarter. First Horizon Corp now owns 708 shares of the bank’s stock valued at $38,000 after buying an additional 253 shares during the period. Signaturefd LLC lifted its stake in shares of Enterprise Financial Services by 65.0% during the fourth quarter. Signaturefd LLC now owns 812 shares of the bank’s stock valued at $44,000 after buying an additional 320 shares during the period. Kestra Advisory Services LLC acquired a new stake in Enterprise Financial Services during the fourth quarter worth approximately $99,000. Finally, Fifth Third Bancorp acquired a new stake in Enterprise Financial Services during the first quarter worth approximately $109,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $65.66 on Tuesday. Enterprise Financial Services Corporation has a one year low of $51.18 and a one year high of $68.73. 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 company has a 50 day moving average price of $63.69 and a 200 day moving average price of $59.39. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 13.05 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). The company had revenue of $182.19 million for the quarter, compared to analysts’ expectations of $189.15 million. Enterprise Financial Services had a return on equity of 9.73% and a net margin of 18.72%. Sell-side analysts anticipate that Enterprise Financial Services Corporation will post 5.49 EPS for the current year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.35 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. Enterprise Financial Services’s dividend payout ratio is 27.04%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EFSC shares. Piper Sandler boosted their price target on Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday. Keefe, Bruyette & Woods raised their price objective on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Wall Street Zen lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Finally, Raymond James Financial increased their target price on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Enterprise Financial Services Company 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.