27,490 Enterprise Financial Services Corporation $EFSC Shares Sold by Vest Financial LLC

Vest Financial LLC reduced its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 45.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,843 shares of the bank’s stock after selling 27,490 shares during the period. Vest Financial LLC’s holdings in Enterprise Financial Services were worth $1,936,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EFSC. BlackRock Inc. acquired a new stake in shares of Enterprise Financial Services in the second quarter worth approximately $235,007,000. Dimensional Fund Advisors LP raised its stake in Enterprise Financial Services by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank’s stock worth $118,435,000 after purchasing an additional 65,912 shares during the period. Bank of America Corp DE raised its stake in Enterprise Financial Services by 5.7% during the first quarter. Bank of America Corp DE now owns 397,357 shares of the bank’s stock worth $21,501,000 after purchasing an additional 21,269 shares during the period. Enterprise Financial Services Corp raised its stake in Enterprise Financial Services by 0.3% during the first quarter. Enterprise Financial Services Corp now owns 332,562 shares of the bank’s stock worth $17,995,000 after purchasing an additional 983 shares during the period. Finally, Glenmede Trust Co. NA acquired a new position in shares of Enterprise Financial Services in the 1st quarter valued at $10,093,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Financial Services Trading Up 0.6%

Shares of EFSC stock opened at $61.35 on Friday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 12.32 and a beta of 0.82. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. Enterprise Financial Services Corporation has a fifty-two week low of $51.18 and a fifty-two week high of $68.73. The firm’s 50 day moving average price is $61.76 and its two-hundred day moving average price is $62.21.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Wednesday, October 21st. The bank reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.21). Enterprise Financial Services had a return on equity of 9.52% and a net margin of 18.83%. The business had revenue of $192.53 million for the quarter, compared to analysts’ expectations of $193.09 million. On average, analysts anticipate that Enterprise Financial Services Corporation will post 5.27 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, December 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.35. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 27.83%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EFSC. Keefe, Bruyette & Woods boosted their price objective on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Tuesday, October 6th. 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. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, October 17th. Finally, Piper Sandler raised Enterprise Financial Services from a “neutral” rating to an “overweight” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $70.00.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Its principal subsidiary, Enterprise Bank & Trust, provides banking and financial services to businesses, professionals, institutions and individuals.

The company offers commercial and small-business lending, deposit accounts, treasury management, private banking, wealth management, trust and estate services, and other financial solutions. Its commercial banking capabilities include financing for working capital, equipment, real estate and business expansion.

Enterprise Bank & Trust serves customers through banking markets that include St.