Western Financial Corp CA Cuts Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Western Financial Corp CA reduced its position in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 5.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 614,680 shares of the bank's stock after selling 36,716 shares during the period. Enterprise Financial Services accounts for approximately 17.9% of Western Financial Corp CA's investment portfolio, making the stock its largest holding. Western Financial Corp CA owned approximately 1.64% of Enterprise Financial Services worth $31,508,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at $29,000. Innealta Capital LLC acquired a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at $31,000. EntryPoint Capital LLC increased its stake in shares of Enterprise Financial Services by 87.4% in the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank's stock valued at $159,000 after buying an additional 1,831 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Enterprise Financial Services by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank's stock valued at $178,000 after buying an additional 370 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Enterprise Financial Services in the 1st quarter valued at $178,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Enterprise Financial Services news, Director Richard Sanborn sold 94,815 shares of the business's stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $53.73, for a total value of $5,094,409.95. Following the completion of the transaction, the director now directly owns 139,460 shares of the company's stock, valued at approximately $7,493,185.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by insiders.

Enterprise Financial Services Trading Down 2.9 %

Shares of Enterprise Financial Services stock traded down $1.54 during trading on Monday, reaching $51.54. 210,679 shares of the company were exchanged, compared to its average volume of 143,235. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. Enterprise Financial Services Corp has a twelve month low of $32.97 and a twelve month high of $54.88. The business has a 50-day moving average price of $50.93 and a 200-day moving average price of $44.76. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 11.04 and a beta of 0.97.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.15. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%. The business had revenue of $156.02 million during the quarter, compared to analysts' expectations of $153.41 million. Sell-side analysts anticipate that Enterprise Financial Services Corp will post 4.58 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price objective on Enterprise Financial Services from $45.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th.

About Enterprise Financial Services

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.