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

Enterprise Financial Services Corp (NASDAQ:EFSC - Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 412,500 shares, a decrease of 14.6% from the January 15th total of 483,200 shares. Based on an average trading volume of 171,300 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.1% of the company's shares are sold short.

Institutional Trading of Enterprise Financial Services

Several institutional investors have recently added to or reduced their stakes in the business. Creative Planning increased its holdings in shares of Enterprise Financial Services by 18.4% in the 3rd quarter. Creative Planning now owns 43,832 shares of the bank's stock worth $2,247,000 after acquiring an additional 6,802 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Enterprise Financial Services by 55.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,317 shares of the bank's stock valued at $513,000 after purchasing an additional 3,691 shares during the period. Semanteon Capital Management LP acquired a new stake in Enterprise Financial Services during the third quarter valued at $267,000. US Bancorp DE increased its stake in shares of Enterprise Financial Services by 46.2% during the 3rd quarter. US Bancorp DE now owns 3,873 shares of the bank's stock worth $199,000 after purchasing an additional 1,223 shares during the last quarter. Finally, F M Investments LLC boosted its holdings in Enterprise Financial Services by 0.8% during the third quarter. F M Investments LLC now owns 218,978 shares of the bank's stock valued at $11,225,000 after acquiring an additional 1,835 shares during the period. Institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Trading Down 0.7 %

Enterprise Financial Services stock traded down $0.44 during trading on Wednesday, reaching $60.84. The company had a trading volume of 192,165 shares, compared to its average volume of 158,458. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 12.57 and a beta of 0.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The stock's 50 day moving average price is $58.04 and its two-hundred day moving average price is $55.09. Enterprise Financial Services has a 12-month low of $37.28 and a 12-month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.32 EPS for the quarter, topping the consensus estimate of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. As a group, equities analysts expect that Enterprise Financial Services will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.91%. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 14th. Enterprise Financial Services's dividend payout ratio (DPR) is 23.14%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $70.00 price target (up previously from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th. Piper Sandler raised their price objective on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, DA Davidson raised their price objective on Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.