Enterprise Financial Services Corp (NASDAQ:EFSC) Brief Interest Update

Enterprise Financial Services Corp (NASDAQ:EFSC – Get Rating) benefited from a significant drop in short interest in September. As of September 15, there was short interest totaling 565,700 shares, down 8.4% from the August 31 total of 617,400 shares. Based on an average daily volume of 93,500 shares, the short interest rate is currently 6.1 days.

Business financial services stock down 0.9%

NASDAQ:EFSC was down $0.41 during Friday trading hours, hitting $44.04. The company’s stock had a trading volume of 103,500 shares, compared to an average volume of 104,625. The company has a market capitalization of $1.64 billion, a P/E ratio of 10.66 and a beta of 1.18. Enterprise Financial Services has a 12 month minimum of $39.63 and a 12 month maximum of $51.50. The company has a debt ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50-day moving average price of $46.55 and a 200-day moving average price of $45.26.

Enterprise Financial Services (NASDAQ:EFSC – Get Rating) last released quarterly earnings data on Monday, July 25. The bank reported EPS of $1.19 for the quarter, beating analyst consensus estimates of $1.13 by $0.06. The company posted revenue of $123.81 million in the quarter, versus a consensus estimate of $121.82 million. Enterprise Financial Services posted a net margin of 31.10% and a return on equity of 13.51%. During the same quarter of the previous year, the firm had posted earnings per share of $1.23. Stock analysts predict Enterprise Financial Services will post EPS of 4.97 for the current fiscal year.

Corporate financial services increase their dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 30. Shareholders of record on Thursday, September 15 received a dividend of $0.23 per share. The ex-dividend date was Wednesday, September 14. This is an increase from Enterprise Financial Services’ previous quarterly dividend of $0.22. This represents a dividend of $0.92 on an annualized basis and a dividend yield of 2.09%. Enterprise Financial Services’ dividend payout ratio is currently 22.28%.

Analysts set new price targets

A number of analysts have recently published reports on EFSC actions. Piper Sandler raised its price target on corporate financials to $51.00 and gave the company an “outperform” rating in a Wednesday, July 27, report. StockNews.com downgraded Enterprise Financial Services from a “buy” rating to a “hold” rating in a Tuesday, September 20 report.

Hedge funds weigh on corporate financial services

Major investors have recently changed their positions in the company. Victory Capital Management Inc. increased its position in Enterprise Financial Services shares by 12.9% during the first quarter. Victory Capital Management Inc. now owns 14,825 shares of the bank worth $655,000 after buying 1,695 additional shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Enterprise Financial Services during the first quarter worth $215,000. William Blair Investment Management LLC increased its position in Enterprise Financial Services shares by 12.8% during the fourth quarter. William Blair Investment Management LLC now owns 829,536 shares of the bank worth $39,063,000 after buying an additional 94,264 shares last quarter. Cornercap Investment Counsel Inc. acquired a new position in shares of Enterprise Financial Services during the first quarter at a value of $997,000. Finally, Jackson Creek Investment Advisors LLC increased its position in Enterprise Financial Services shares by 6.3% in the 1st quarter. Jackson Creek Investment Advisors LLC now owns 24,924 shares of the bank valued at $1,179,000 after acquiring 1,475 additional shares during the period. 69.03% of the shares are held by institutional investors and hedge funds.

Corporate Financial Services Company Profile

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

Further reading

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