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

Enterprise Financial Services Corp (NASDAQ:EFSC) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 412,500 shares, a drop of 14.6% from the January 15th total of 483,200 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 171,300 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Trading of Enterprise Financial Services

Hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new position in shares of Enterprise Financial Services during the 4th quarter worth approximately $29,000. Quarry LP boosted its holdings in shares of Enterprise Financial Services by 2,593.5% during the third quarter. Quarry LP now owns 835 shares of the bank’s stock worth $43,000 after acquiring an additional 804 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Enterprise Financial Services in the third quarter valued at approximately $102,000. FMR LLC boosted its stake in shares of Enterprise Financial Services by 34.2% in the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock valued at $131,000 after buying an additional 653 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Enterprise Financial Services by 169.7% during the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock valued at $177,000 after purchasing an additional 2,172 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Trading Down 1.0 %

Enterprise Financial Services stock opened at $60.87 on Friday. The business has a 50 day moving average price of $57.97 and a two-hundred day moving average price of $54.89. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 12.58 and a beta of 0.99. Enterprise Financial Services has a 12 month low of $37.28 and a 12 month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. As a group, equities analysts forecast that Enterprise Financial Services will post 4.84 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.29 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, March 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 23.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EFSC shares. Piper Sandler boosted their price objective on Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. DA Davidson upped their price target on Enterprise Financial Services from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $70.00 target price (up previously from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.

About Enterprise Financial Services

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.