Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 94.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,170 shares of the bank’s stock after purchasing an additional 46,739 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.26% of Enterprise Financial Services worth $4,294,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EFSC. Comerica Bank acquired a new position in Enterprise Financial Services in the third quarter worth about $27,000. Public Employees Retirement System of Ohio grew its stake in Enterprise Financial Services by 48.8% in the third quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock worth $32,000 after purchasing an additional 237 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Enterprise Financial Services by 91.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,204 shares of the bank’s stock valued at $45,000 after acquiring an additional 576 shares during the period. Lazard Asset Management LLC acquired a new position in Enterprise Financial Services in the fourth quarter valued at approximately $45,000. Finally, Dark Forest Capital Management LP boosted its stake in Enterprise Financial Services by 92.8% in the first quarter. Dark Forest Capital Management LP now owns 1,049 shares of the bank’s stock valued at $47,000 after acquiring an additional 505 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on EFSC. Piper Sandler decreased their target price on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods decreased their target price on Enterprise Financial Services from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th.

Enterprise Financial Services Stock Performance

EFSC opened at $39.68 on Friday. The business’s 50 day moving average is $39.42 and its 200-day moving average is $39.97. The stock has a market cap of $1.49 billion, a PE ratio of 7.81 and a beta of 0.99. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. Enterprise Financial Services Corp has a twelve month low of $32.97 and a twelve month high of $46.17.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, January 22nd. The bank reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.02. The company had revenue of $166.18 million for the quarter, compared to analysts’ expectations of $157.53 million. Enterprise Financial Services had a return on equity of 12.54% and a net margin of 23.28%. On average, analysts predict that Enterprise Financial Services Corp will post 4.47 earnings per share for the current year.

Enterprise Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.52%. Enterprise Financial Services’s dividend payout ratio (DPR) is 19.69%.

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.