Enterprise Financial Services Corporation (NASDAQ:EFSC) Short Interest Update

by · The Cerbat Gem

Enterprise Financial Services Corporation (NASDAQ:EFSCGet Free Report) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 466,490 shares, a decrease of 20.8% from the December 15th total of 589,082 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 202,552 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily trading volume, of 202,552 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.3% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Piper Sandler cut their price objective on Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods lowered their target price on Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings downgraded Enterprise Financial Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, DA Davidson reissued a “buy” rating and set a $69.00 price objective on shares of Enterprise Financial Services in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Read Our Latest Research Report on Enterprise Financial Services

Enterprise Financial Services Stock Down 1.3%

Enterprise Financial Services stock traded down $0.73 during midday trading on Friday, reaching $55.48. The company’s stock had a trading volume of 141,589 shares, compared to its average volume of 149,123. The company has a market cap of $2.05 billion, a P/E ratio of 10.79 and a beta of 0.84. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $54.90 and a 200-day simple moving average of $56.42. Enterprise Financial Services has a fifty-two week low of $45.22 and a fifty-two week high of $62.60.

Enterprise Financial Services (NASDAQ:EFSCGet Free Report) last released its quarterly earnings data on Monday, October 27th. The bank reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.10). Enterprise Financial Services had a return on equity of 10.82% and a net margin of 19.98%.The business had revenue of $177.84 million for the quarter, compared to analyst estimates of $176.52 million. On average, research analysts expect that Enterprise Financial Services will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 2.3%. Enterprise Financial Services’s dividend payout ratio is 24.90%.

Institutional Investors Weigh In On Enterprise Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of EFSC. Thrivent Financial for Lutherans boosted its stake in shares of Enterprise Financial Services by 146.8% during the third quarter. Thrivent Financial for Lutherans now owns 969,533 shares of the bank’s stock worth $56,213,000 after buying an additional 576,655 shares during the period. Wellington Management Group LLP lifted its position in Enterprise Financial Services by 8.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,622,760 shares of the bank’s stock worth $152,068,000 after acquiring an additional 207,256 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Enterprise Financial Services during the 2nd quarter worth approximately $4,959,000. Bridgeway Capital Management LLC grew its stake in shares of Enterprise Financial Services by 33.3% in the 2nd quarter. Bridgeway Capital Management LLC now owns 311,614 shares of the bank’s stock valued at $17,170,000 after purchasing an additional 77,890 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of Enterprise Financial Services by 141.7% in the second quarter. Boston Partners now owns 107,910 shares of the bank’s stock valued at $5,946,000 after purchasing an additional 63,261 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

About Enterprise Financial Services

(Get Free Report)

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.

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