Creative Planning Increases Stake in Enterprise Financial Services Corp (NASDAQ:EFSC)

Posted by on Oct 14th, 2023

Creative Planning lifted its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,043 shares of the bank’s stock after acquiring an additional 904 shares during the period. Creative Planning owned 0.08% of Enterprise Financial Services worth $1,214,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Arizona State Retirement System lifted its holdings in shares of Enterprise Financial Services by 2.7% during the 1st quarter. Arizona State Retirement System now owns 10,246 shares of the bank’s stock worth $457,000 after acquiring an additional 269 shares during the period. Ziegler Capital Management LLC increased its position in Enterprise Financial Services by 37.0% during the 1st quarter. Ziegler Capital Management LLC now owns 151,991 shares of the bank’s stock worth $6,777,000 after purchasing an additional 41,060 shares in the last quarter. Jag Capital Management LLC increased its position in Enterprise Financial Services by 13.6% during the 1st quarter. Jag Capital Management LLC now owns 14,420 shares of the bank’s stock worth $643,000 after purchasing an additional 1,728 shares in the last quarter. Aptus Capital Advisors LLC increased its position in Enterprise Financial Services by 13.3% during the 1st quarter. Aptus Capital Advisors LLC now owns 81,959 shares of the bank’s stock worth $3,655,000 after purchasing an additional 9,618 shares in the last quarter. Finally, Connable Office Inc. increased its position in Enterprise Financial Services by 15.8% during the 1st quarter. Connable Office Inc. now owns 9,373 shares of the bank’s stock worth $418,000 after purchasing an additional 1,276 shares in the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Financial Services Stock Down 2.3 %

Shares of NASDAQ:EFSC opened at $36.66 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. Enterprise Financial Services Corp has a 52-week low of $36.10 and a 52-week high of $56.35. The company has a 50 day moving average of $38.66 and a two-hundred day moving average of $40.52. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 6.49 and a beta of 1.08.

Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last issued its quarterly earnings data on Monday, July 24th. The bank reported $1.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.29. Enterprise Financial Services had a net margin of 30.42% and a return on equity of 14.58%. The company had revenue of $202.19 million during the quarter, compared to the consensus estimate of $152.24 million. During the same quarter last year, the company earned $1.19 earnings per share. As a group, analysts forecast that Enterprise Financial Services Corp will post 5.21 earnings per share for the current fiscal year.

Enterprise Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.73%. The ex-dividend date was Thursday, September 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is 17.70%.

Analysts Set New Price Targets

EFSC has been the subject of a number of research analyst reports. Raymond James reissued a “market perform” rating on shares of Enterprise Financial Services in a research report on Wednesday, July 26th. StockNews.com initiated coverage on shares of Enterprise Financial Services in a research report on Thursday, October 5th. They set a “hold” rating for the company.

Read Our Latest Analysis on Enterprise Financial Services

Enterprise Financial Services Company Profile

(Free Report)

Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. It offers checking, savings, and money market accounts, and certificates of deposit. The company also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.

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Institutional Ownership by Quarter for Enterprise Financial Services (NASDAQ:EFSC)

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