Hudson Edge Investment Partners Inc. Lowers Stock Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Hudson Edge Investment Partners Inc. lowered its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 16.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,266 shares of the bank’s stock after selling 1,828 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Enterprise Financial Services were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew 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’s stock worth $85,387,000 after acquiring an additional 99,703 shares during the last quarter. Principal Financial Group Inc. grew its position in Enterprise Financial Services by 16.3% during the 4th quarter. Principal Financial Group Inc. now owns 15,628 shares of the bank’s stock valued at $698,000 after purchasing an additional 2,192 shares during the last quarter. Quest Partners LLC bought a new stake in Enterprise Financial Services during the 4th quarter valued at about $841,000. Enterprise Financial Services Corp raised its holdings in Enterprise Financial Services by 16.8% in the fourth quarter. Enterprise Financial Services Corp now owns 404,058 shares of the bank’s stock worth $18,041,000 after buying an additional 58,027 shares during the last quarter. Finally, Connable Office Inc. bought a new position in shares of Enterprise Financial Services in the fourth quarter worth approximately $412,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

NASDAQ EFSC traded down $0.43 during trading hours on Friday, hitting $50.40. The company’s stock had a trading volume of 133,761 shares, compared to its average volume of 142,717. Enterprise Financial Services Corp has a 12 month low of $32.97 and a 12 month high of $54.88. The company’s 50 day simple moving average is $48.34 and its two-hundred day simple moving average is $42.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $1.89 billion, a P/E ratio of 10.79 and a beta of 0.98.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. The firm had revenue of $156.02 million during the quarter, compared to analyst estimates of $153.41 million. Enterprise Financial Services had a net margin of 19.61% and a return on equity of 10.95%. As a group, sell-side analysts expect that Enterprise Financial Services Corp will post 4.6 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, September 16th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 2.14%. Enterprise Financial Services’s payout ratio is currently 23.13%.

Analyst Ratings Changes

Separately, Piper Sandler raised their price target on shares of Enterprise Financial Services from $45.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th.

Insider Activity

In related news, Director Richard Sanborn sold 94,815 shares of Enterprise Financial Services stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $53.73, for a total value of $5,094,409.95. Following the completion of the sale, the director now owns 139,460 shares of the company’s stock, valued at $7,493,185.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

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.