186,523 Shares in Enterprise Financial Services Corporation $EFSC Bought by Glenmede Trust Co. NA

Glenmede Trust Co. NA purchased a new position in Enterprise Financial Services Corporation (NASDAQ:EFSC) in the 1st quarter, Holdings Channel.com reports. The fund purchased 186,523 shares of the bank’s stock, valued at approximately $10,093,000.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in Enterprise Financial Services by 929.0% during the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after buying an additional 576 shares during the period. First Horizon Corp increased its holdings in shares of Enterprise Financial Services by 55.6% in the fourth quarter. First Horizon Corp now owns 708 shares of the bank’s stock worth $38,000 after buying an additional 253 shares during the period. Signaturefd LLC increased its holdings in shares of Enterprise Financial Services by 65.0% in the fourth quarter. Signaturefd LLC now owns 812 shares of the bank’s stock worth $44,000 after buying an additional 320 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Enterprise Financial Services in the 4th quarter valued at about $99,000. Finally, Fifth Third Bancorp bought a new stake in shares of Enterprise Financial Services in the 1st quarter valued at about $109,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Financial Services Trading Up 0.7%

EFSC opened at $66.80 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 current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day simple moving average of $64.29 and a two-hundred day simple moving average of $59.80. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 13.28 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data 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 business had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. Analysts predict that Enterprise Financial Services Corporation will post 5.31 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change 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%. Enterprise Financial Services’s payout ratio is 27.83%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wall Street Zen cut Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Piper Sandler lifted their target price on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods upped their price target on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Finally, Raymond James Financial raised their price target on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Enterprise Financial Services presently has a consensus 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.