The Vanguard Group, Inc. recently announced the acquisition of new stake in Enterprise Financial Services Corp (NASDAQ:EFSC). The institutional investor has increased its shareholding in the Financial company by 0.90% to 1.75 million shares with purchase of 15525.0 shares. This fresh investment now brings its stake to 4.70% valued currently at $85.67 million. In addition, Wellington Management Co. LLP raised its holdings by 0.6 million to 1.44 million shares. And Dimensional Fund Advisors LP has lifted its position by 2.36% or 29054.0 shares – to 1.26 million shares.
With over 0.25 million Enterprise Financial Services Corp (EFSC) shares trading Tuesday and a closing price of $49.72 on the day, the dollar volume was approximately $12.22 million. The shares have shown a positive half year performance of 19.61% and its price on 01/17/23 lost nearly -2.78%. Currently, there are 37.35M common shares owned by the public and among those 34.96M shares have been available to trade.
Insiders at the company have transacted a total of 60 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 42,308 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 48,388 shares.
The top 3 mutual fund holders in Enterprise Financial Services Corp are Vanguard Total Stock Market Index, Delaware Small Cap Core Fund, and iShares Russell 2000 ETF. Vanguard Total Stock Market Index owns 1.0 million shares of the company’s stock, all valued at over $48.91 million. The company bought an additional 2197.0 shares recently to bring their total holdings to about 2.68% of the shares outstanding. Delaware Small Cap Core Fund bought 6522.0 shares to see its total holdings expand to 0.83 million shares valued at over $40.42 million and representing 2.22% of the shares outstanding. iShares Russell 2000 ETF sold 8418.0 shares to bring its total holdings to over 0.81 million shares at a value of $39.63 million. iShares Russell 2000 ETF now owns shares totaling to 2.17% of the shares outstanding.
Shares of Enterprise Financial Services Corp (NASDAQ: EFSC) opened at $50.99, down -$0.15 from a prior closing price of $51.14. However, the script later moved the day high at 51.06, down -2.78%. The company’s stock has a 5-day price change of 0.22% and 4.52% over the past three months. EFSC shares are trading 1.55% year to date (YTD), with the 12-month market performance up to 0.04% higher. It has a 12-month low price of $39.63 and touched a high of $54.31 over the same period. EFSC has an average intraday trading volume of 141.71K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.40%, -1.12%, and 6.42% respectively.
Institutional ownership of Enterprise Financial Services Corp (NASDAQ: EFSC) shares accounts for 72.00% of the company’s 37.35M shares outstanding. Mutual fund holders own 33.68%, while other institutional holders and individual stakeholders account for 35.70% and 16.20% respectively.
It has a market capitalization of $1.85B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 9.83, while the earnings-per-share (ttm) stands at $5.06. The company has a PEG of 1.09 and the debt-to-equity ratio at 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.10% over the week and 2.07% over the month.
Analysts forecast that Enterprise Financial Services Corp (EFSC) will achieve an EPS of $1.34 for the current quarter, $1.33 for the next quarter and $5.51 for 2023. The lowest estimate earnings-per-share for the quarter is $1.22 while analysts give the company a high EPS estimate of $1.41. Comparatively, EPS for the current quarter was $1.33 a year ago. Earnings per share for the fiscal year are expected to increase by 39.90%, and 9.20% over the next financial year. EPS should shrink at an annualized rate of 9.00% over the next five years, compared to 9.90% over the past 5-year period.
Looking at the support for the EFSC, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on September 19, 2019, with the firm’s price target at $48. FIG Partners was of a view on October 29, 2018 that the stock is Outperform, while Piper Jaffray gave the stock Overweight rating on October 06, 2017, issuing a price target of $49. Piper Jaffray on their part issued Overweight rating on July 11, 2016.