Enterprise Financial Services Corp (NASDAQ:EFSC) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 505,700 shares, an increase of 10.3% from the May 30th total of 458,300 shares. Based on an average trading volume of 107,000 shares, the short-interest ratio is currently 4.7 days. Currently, 2.5% of the shares of the company are short sold.
Several large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Enterprise Financial Services by 18.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the bank’s stock valued at $54,000 after buying an additional 227 shares in the last quarter. Brand Asset Management Group Inc. increased its position in Enterprise Financial Services by 49.3% during the 1st quarter. Brand Asset Management Group Inc. now owns 1,645 shares of the bank’s stock worth $127,000 after purchasing an additional 543 shares in the last quarter. Alps Advisors Inc. increased its position in Enterprise Financial Services by 8.5% during the 1st quarter. Alps Advisors Inc. now owns 9,360 shares of the bank’s stock worth $382,000 after purchasing an additional 735 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Enterprise Financial Services by 5.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,992 shares of the bank’s stock worth $693,000 after purchasing an additional 820 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Enterprise Financial Services by 23.9% during the 4th quarter. Legal & General Group Plc now owns 4,481 shares of the bank’s stock worth $169,000 after purchasing an additional 864 shares in the last quarter. Institutional investors own 70.91% of the company’s stock.
A number of brokerages have recently commented on EFSC. Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective for the company in a research report on Tuesday, June 25th. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $55.00.
Shares of EFSC stock opened at $40.67 on Tuesday. The company has a market cap of $1.09 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 1.15 and a beta of 1.14. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.64. The business’s 50-day moving average is $40.70. Enterprise Financial Services has a 52 week low of $36.09 and a 52 week high of $58.15.
Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, April 22nd. The bank reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.01). Enterprise Financial Services had a return on equity of 13.50% and a net margin of 29.29%. The business had revenue of $61.57 million during the quarter, compared to analyst estimates of $61.48 million. As a group, equities research analysts anticipate that Enterprise Financial Services will post 3.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.15 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.60 annualized dividend and a yield of 1.48%. Enterprise Financial Services’s payout ratio is 16.62%.
About Enterprise Financial Services
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. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.
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