Allspring Global Investments Holdings LLC increased its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) by 9.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,380 shares of the bank after purchasing an additional 370 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Enterprise Financial Services were worth $178,000, according to its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made recent changes to their positions in EFSC. Wellington Management Group LLP increased its stake in Enterprise Financial Services by 7.0% in the fourth quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank’s stock worth $102,472,000 after purchasing an additional 150,023 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Enterprise Financial Services by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank’s stock worth $89,070,000 after purchasing an additional 48,583 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Enterprise Financial Services by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank worth $85,387,000 after acquiring an additional 99,703 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Enterprise Financial Services by 34.3% in the fourth quarter. Jennison Associates LLC now owns 411,256 shares of the bank worth $18,363,000 after acquiring an additional 105,004 shares in the last quarter. Finally, Enterprise Financial Services Corp increased its stake in shares of Enterprise Financial Services by 16.8% in the fourth quarter. Enterprise Financial Services Corp now owns 404,058 shares of the bank worth $18,041,000 after acquiring an additional 58,027 shares in the last quarter. 72.21% of the shares are currently held by institutional investors.

Enterprise Financial Services trading up 1.1%

Shares of NASDAQ:EFSC opened at $47.50 on Friday. The company has a market cap of $1.78 billion, a price/earnings ratio of 10.17 and a beta of 0.99. The company has a debt/equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Financial Services Corp has a 1-year low of $32.97 and a 1-year high of $48.31. The stock’s 50-day moving average price is $39.88 and its 200-day moving average price is $40.15.

Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last announced its quarterly results on Monday, April 22. The bank reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). Enterprise Financial Services had a net margin of 20.60% and a return on equity of 11.35%. The company had revenue of $149.89 million for the quarter, compared to the consensus estimate of $156.04 million. Sell-side analysts expect Enterprise Financial Services Corp. to post $4.32 EPS for the current year.

Enterprise Financial Services increases dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.26. This is an increase from Enterprise Financial Services’ previous quarterly dividend of $0.25. The ex-dividend date for this dividend was Friday, June 14th. This represents an annualized dividend of $1.04 and a yield of 2.19%. Enterprise Financial Services’ dividend payout ratio is currently 22.27%.

Changes in analyst ratings

EFSC has been the subject of a number of recent research reports. DA Davidson lowered their price target on Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods lowered their price target on Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Two equities analysts have rated the stock with a hold rating and three have given a buy rating. Based on data from MarketBeat, the firm currently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

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Profile of Enterprise Financial Services

(Free Report)

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

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