Dark Forest Capital Management LP Has $392,000 Stake in Enterprise Financial Services Corp (NASDAQ:EFSC)

Dark Forest Capital Management LP trimmed its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 36.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,591 shares of the bank’s stock after selling 5,509 shares during the period. Dark Forest Capital Management LP’s holdings in Enterprise Financial Services were worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in Enterprise Financial Services in the 2nd quarter worth $29,000. Innealta Capital LLC acquired a new stake in shares of Enterprise Financial Services during the 2nd quarter valued at about $31,000. EntryPoint Capital LLC boosted its position in shares of Enterprise Financial Services by 87.4% during the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock valued at $159,000 after acquiring an additional 1,831 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Enterprise Financial Services by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock valued at $178,000 after acquiring an additional 370 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Enterprise Financial Services during the 1st quarter valued at about $178,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Enterprise Financial Services news, Director Richard Sanborn sold 94,815 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the sale, the director now directly owns 139,460 shares of the company’s stock, valued at $7,493,185.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

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 research report on Wednesday, July 24th.

Enterprise Financial Services Trading Down 0.8 %

Shares of EFSC stock opened at $50.44 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.89 billion, a P/E ratio of 10.80 and a beta of 0.98. Enterprise Financial Services Corp has a 12-month low of $32.97 and a 12-month high of $54.88. The firm has a 50-day moving average price of $50.97 and a 200 day moving average price of $43.49.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.15. The firm had revenue of $156.02 million for the quarter, compared to analysts’ expectations of $153.41 million. Enterprise Financial Services had a net margin of 19.61% and a return on equity of 10.95%. Research analysts forecast that Enterprise Financial Services Corp will post 4.6 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.14%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, September 16th. Enterprise Financial Services’s dividend payout ratio is currently 23.13%.

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.