As of the end of the fourth quarter, June 6th, 2023, SEI Investments Co. increased their holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 6.0%. According to the Securities and Exchange Commission (SEC)’s most recent filing, SEI Investments Co. owned about 0.27% of EFSC’s shares worth $4,968,000 after acquiring an additional 5,764 shares during the period.
Enterprise Financial Service’s earnings results for Q1 are impressive – beating analysts’ consensus estimates handsomely with $1.46 EPS, a significant increase on last year’s value per share ($1.23). What is particularly interesting here is the bank’s net margin of 33.24% and a return on equity of 14.73%, both noteworthy metrics within any sector or market industry.
The revenue generated in this quarter also outperformed expectations coming in at $185.93 million compared to analysts’ predicted value of $154.13 million.
While some research firms took bullish positions on EFSC like StockNews.com who initiated coverage in May but rated it as “hold” Piper Sandler lowered their price target from $54 to $48 and Raymond James opted for cutting its price objective from $52 to $50.
Given the more positive outlook regarding EFSC’s EPS growth trajectory, which is expected to hit around $5.37 for the fiscal year-end writing
these words. Despite being held by Sei Investment for less than a percentage point of ownership there may be potential upside to consider with it having been increased over previous periods meaning that there may be some long-term investors eyeing up greater investments into its performance as future returns look promising based on past successes and current insight reports from industry-leading analysts alike positively supporting its potential success through into profitable returns expected later down-the-line which could fare well for investors come next reporting quarters.
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Enterprise Financial Services: Recent Activities and Growth Potential
Enterprise Financial Services: An In-Depth Analysis of Recent Activities
Enterprise Financial Services Corporation (EFSC) is a St. Louis-based bank that has enjoyed tremendous growth over the years. Recently, several large investors bought and sold shares in the company, including New York Life Investment Management LLC, Victory Capital Management Inc., Aigen Investment Management LP, PNC Financial Services Group Inc., and Bank of Nova Scotia. Hedge funds and other institutional investors currently own 68.87% of EFSC’s stock.
Shares opened at $41.25 on Tuesday, with a fifty-day moving average price of $41.70 and a 200-day moving average price of $47.73. The firm has a market cap of $1.54 billion, a PE ratio of 7.43, and a beta of 1.11. The company has a current ratio of 0.91, a quick ratio of 0.91, and a debt-to-equity ratio of 0.31.
Several research firms recently weighed in on EFSC’s performance in the market:
– StockNews.com initiated coverage on Enterprise Financial Services in May and issued a “hold” rating for the company.
– Piper Sandler lowered its price target on shares from $54 to $48 in April.
– Raymond James cut their price objective from $52 to $50 in April as well.
Despite these mixed reports, EFSC announced recently that it will pay out quarterly dividends, with shareholders receiving $0.25 per share on June 30th if they were recorded as shareholders before June 15th; otherwise they will not be eligible for this payout.
In related news, director Stephen P Marsh purchased more than 2,473 shares at an average cost per share of $40.40 – making his total purchase valued at upwards of nearly one hundred thousand dollars ($99,090). Following this transaction the directors ownership in EFSC grows to 47,540 shares valued at $1,920,616; this was disclosed in a document filed with the Securities & Exchange Commission.
Overall, with recent purchases from institutions and insiders alike as well as the upcoming dividend, EFSC remains an attractive option for investors looking to place their capital in a profitable institution. While there have been some mixed reports about the company’s performance this past April, investors remain hopeful that their shares will appreciate over time.