Inceptionr LLC Buys New Position in Enterprise Financial Services Corporation $EFSC

Inceptionr LLC acquired a new position in Enterprise Financial Services Corporation (NASDAQ:EFSC) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,023 shares of the bank’s stock, valued at approximately $488,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EFSC. EverSource Wealth Advisors LLC increased its stake in shares of Enterprise Financial Services by 929.0% in 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 during the last quarter. First Horizon Corp boosted its stake in Enterprise Financial Services by 55.6% during the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock valued at $38,000 after acquiring an additional 253 shares during the last quarter. Signaturefd LLC grew its holdings in Enterprise Financial Services by 65.0% during the 4th quarter. Signaturefd LLC now owns 812 shares of the bank’s stock worth $44,000 after acquiring an additional 320 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Enterprise Financial Services during the 4th quarter worth $99,000. Finally, Fifth Third Bancorp bought a new stake in shares of Enterprise Financial Services in the 1st quarter worth about $109,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EFSC shares. Keefe, Bruyette & Woods increased their target price on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James Financial upped their price target on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Piper Sandler lifted their price objective on shares of Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Finally, Wall Street Zen lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Enterprise Financial Services currently has an average rating of “Moderate Buy” and a consensus price target of $69.75.

Insider Activity at Enterprise Financial Services

In other news, EVP Mark G. Ponder sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total transaction of $75,687.50. Following the sale, the executive vice president owned 23,526 shares in the company, valued at $1,424,499.30. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

Enterprise Financial Services Price Performance

Shares of EFSC opened at $65.99 on Friday. Enterprise Financial Services Corporation has a one year low of $51.18 and a one year high of $68.73. The stock’s fifty day moving average is $63.57 and its 200-day moving average is $59.29. 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 market capitalization of $2.41 billion, a price-to-earnings ratio of 13.12 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last released its 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). Enterprise Financial Services had a return on equity of 9.73% and a net margin of 18.72%.The firm had revenue of $182.19 million during the quarter, compared to analyst estimates of $189.15 million. Equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.35 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Enterprise Financial Services’s payout ratio is currently 27.04%.

About Enterprise Financial Services

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.