Kennedy Capital Management LLC Increases Holdings in Enterprise Financial Services Corporation $EFSC
by Teresa Graham · The Cerbat GemKennedy Capital Management LLC grew its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC – Free Report) by 20.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 218,512 shares of the bank’s stock after acquiring an additional 36,533 shares during the quarter. Kennedy Capital Management LLC’s holdings in Enterprise Financial Services were worth $11,800,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the business. Entropy Technologies LP purchased a new stake in shares of Enterprise Financial Services during the 4th quarter valued at about $248,000. Barclays PLC raised its position in shares of Enterprise Financial Services by 21.2% during the 4th quarter. Barclays PLC now owns 78,182 shares of the bank’s stock valued at $4,222,000 after buying an additional 13,689 shares in the last quarter. Aptus Capital Advisors LLC raised its position in shares of Enterprise Financial Services by 0.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 234,247 shares of the bank’s stock valued at $12,649,000 after buying an additional 1,021 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Enterprise Financial Services during the 4th quarter valued at about $99,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Enterprise Financial Services by 26.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,874 shares of the bank’s stock valued at $263,000 after buying an additional 1,006 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.
Enterprise Financial Services Stock Performance
Enterprise Financial Services stock opened at $64.19 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. Enterprise Financial Services Corporation has a 1-year low of $51.18 and a 1-year high of $64.35. The firm has a market capitalization of $2.35 billion, a P/E ratio of 12.11 and a beta of 0.80. The company’s 50-day moving average is $59.30 and its 200 day moving average is $57.26.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last posted its quarterly earnings data 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 net margin of 19.81% and a return on equity of 10.35%. The company had revenue of $188.85 million for the quarter, compared to analyst estimates of $174.02 million. Research analysts forecast that Enterprise Financial Services Corporation will post 5.55 EPS for the current year.
Enterprise Financial Services Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.34 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.1%. Enterprise Financial Services’s dividend payout ratio is currently 24.91%.
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 shares were sold at an average price of $60.55, for a total value of $75,687.50. Following the sale, the executive vice president directly owned 23,526 shares of the company’s stock, valued at $1,424,499.30. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on EFSC. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Raymond James Financial began coverage on shares of Enterprise Financial Services in a research report on Tuesday, April 28th. They set an “outperform” rating and a $65.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.
Read Our Latest Research Report on Enterprise Financial Services
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.
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