Harbor Capital Advisors Inc. Acquires 645 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Harbor Capital Advisors Inc. increased its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 6.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 11,339 shares of the bank’s stock after purchasing an additional 645 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Enterprise Financial Services were worth $581,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EFSC. nVerses Capital LLC purchased a new position in shares of Enterprise Financial Services in the second quarter valued at about $29,000. Innealta Capital LLC purchased a new position in Enterprise Financial Services during the 2nd quarter valued at about $31,000. US Bancorp DE raised its position in Enterprise Financial Services by 46.2% during the 3rd quarter. US Bancorp DE now owns 3,873 shares of the bank’s stock valued at $199,000 after purchasing an additional 1,223 shares during the last quarter. EntryPoint Capital LLC lifted its holdings in Enterprise Financial Services by 87.4% in the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock worth $159,000 after buying an additional 1,831 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Enterprise Financial Services by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock worth $178,000 after buying an additional 370 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $61.17 on Thursday. Enterprise Financial Services Corp has a one year low of $35.76 and a one year high of $61.68. The company has a 50-day simple moving average of $51.57 and a two-hundred day simple moving average of $45.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $2.29 billion, a PE ratio of 12.96 and a beta of 0.96.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.83%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, December 16th. Enterprise Financial Services’s dividend payout ratio is presently 22.88%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their target price on Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd.

Enterprise Financial Services 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.