Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,914 shares of the bank’s stock after purchasing an additional 902 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Enterprise Financial Services were worth $365,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP raised its stake in Enterprise Financial Services by 7.0% during the 4th quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank’s stock valued at $102,472,000 after acquiring an additional 150,023 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Enterprise Financial Services by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,020,424 shares of the bank’s stock worth $81,948,000 after purchasing an additional 25,576 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Enterprise Financial Services by 11.6% during the first quarter. Jennison Associates LLC now owns 459,161 shares of the bank’s stock worth $18,624,000 after purchasing an additional 47,905 shares during the period. BHZ Capital Management LP purchased a new position in Enterprise Financial Services in the 4th quarter valued at $692,000. Finally, Boston Partners acquired a new position in Enterprise Financial Services in the 1st quarter valued at $873,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Enterprise Financial Services Stock Down 0.8 %

EFSC opened at $50.40 on Friday. The business has a 50 day simple moving average of $48.34 and a 200-day simple moving average of $42.31. Enterprise Financial Services Corp has a 12 month low of $32.97 and a 12 month high of $54.88. The stock has a market capitalization of $1.89 billion, a P/E ratio of 10.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, July 22nd. The bank reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%. The company had revenue of $156.02 million during the quarter, compared to the consensus estimate of $153.41 million. On average, equities analysts anticipate that Enterprise Financial Services Corp will post 4.6 earnings per share 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 given a dividend of $0.27 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.14%. The ex-dividend date is Monday, September 16th. Enterprise Financial Services’s dividend payout ratio is presently 23.13%.

Insider Buying and Selling at Enterprise Financial Services

In other news, Director Richard Sanborn sold 94,815 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the sale, the director now owns 139,460 shares of the company’s stock, valued at approximately $7,493,185.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

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.