Peregrine Capital Management LLC Reduces Holdings in Enterprise Financial Services Corporation $EFSC

Peregrine Capital Management LLC lessened its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 8.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,335 shares of the bank’s stock after selling 8,118 shares during the period. Peregrine Capital Management LLC owned 0.23% of Enterprise Financial Services worth $4,563,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EFSC. AQR Capital Management LLC raised its position in shares of Enterprise Financial Services by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 58,539 shares of the bank’s stock worth $3,146,000 after purchasing an additional 7,419 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Enterprise Financial Services by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock valued at $1,169,000 after buying an additional 698 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Enterprise Financial Services by 10.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock valued at $5,718,000 after buying an additional 9,816 shares during the last quarter. Focus Partners Wealth increased its position in Enterprise Financial Services by 25.1% during the first quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock worth $290,000 after buying an additional 1,082 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in Enterprise Financial Services by 46.1% during the first quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock worth $1,348,000 after buying an additional 7,909 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Mark G. Ponder sold 1,250 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total transaction of $75,687.50. Following the transaction, the executive vice president directly owned 23,526 shares in the company, valued at approximately $1,424,499.30. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Enterprise Financial Services Stock Up 1.5%

EFSC stock opened at $66.90 on Thursday. The stock has a market capitalization of $2.45 billion, a P/E ratio of 12.62 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. Enterprise Financial Services Corporation has a one year low of $51.18 and a one year high of $67.53. The company has a 50 day moving average price of $61.13 and a two-hundred day moving average price of $58.07.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $188.85 million for the quarter, compared to analyst estimates of $174.02 million. As a group, sell-side analysts expect that Enterprise Financial Services Corporation will post 5.57 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.34 dividend. The ex-dividend date was Monday, June 15th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 2.0%. Enterprise Financial Services’s payout ratio is currently 25.66%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EFSC. Raymond James Financial upped their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Piper Sandler upped their target price on shares of Enterprise Financial Services from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Enterprise Financial Services currently has an average rating of “Moderate Buy” and a consensus price target of $68.50.

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.