Enterprise Financial Services Corp (NASDAQ:EFSC) Holdings Lessened by Western Financial Corp CA

Western Financial Corp CA cut its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 585,318 shares of the bank's stock after selling 29,362 shares during the period. Enterprise Financial Services accounts for 18.1% of Western Financial Corp CA's holdings, making the stock its biggest position. Western Financial Corp CA owned about 1.58% of Enterprise Financial Services worth $33,012,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EFSC. AQR Capital Management LLC boosted its holdings in Enterprise Financial Services by 35.6% during the second quarter. AQR Capital Management LLC now owns 90,331 shares of the bank's stock worth $3,695,000 after buying an additional 23,697 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Enterprise Financial Services by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 19,177 shares of the bank's stock valued at $785,000 after purchasing an additional 819 shares in the last quarter. Creative Planning lifted its holdings in Enterprise Financial Services by 10.4% during the second quarter. Creative Planning now owns 37,030 shares of the bank's stock valued at $1,515,000 after purchasing an additional 3,474 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Enterprise Financial Services by 61.9% during the second quarter. Point72 Asset Management L.P. now owns 9,391 shares of the bank's stock valued at $384,000 after purchasing an additional 3,591 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Enterprise Financial Services during the third quarter valued at $522,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EFSC. DA Davidson increased their price objective on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $70.00 price objective (up from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th. Finally, Piper Sandler increased their price objective on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd.

Enterprise Financial Services Price Performance

Shares of Enterprise Financial Services stock traded up $0.29 on Wednesday, hitting $60.93. 70,500 shares of the company were exchanged, compared to its average volume of 150,022. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 12.59 and a beta of 0.99. The company has a 50-day moving average price of $57.82 and a 200 day moving average price of $54.42. Enterprise Financial Services Corp has a 1-year low of $37.28 and a 1-year high of $63.13. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share 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, sell-side analysts predict that Enterprise Financial Services Corp will post 4.84 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Friday, March 14th. Enterprise Financial Services's payout ratio is currently 23.14%.

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.