511 Shares in Enterprise Financial Services Corp (NASDAQ:EFSC) Acquired by Versant Capital Management Inc

Versant Capital Management Inc purchased a new position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 511 shares of the bank’s stock, valued at approximately $29,000.

A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Enterprise Financial Services by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 557,875 shares of the bank’s stock valued at $28,597,000 after buying an additional 29,747 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Enterprise Financial Services by 94.8% during the 3rd quarter. Franklin Resources Inc. now owns 46,727 shares of the bank’s stock worth $2,391,000 after acquiring an additional 22,739 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Enterprise Financial Services by 25.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 55,114 shares of the bank’s stock worth $2,825,000 after purchasing an additional 11,173 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Enterprise Financial Services by 0.9% in the third quarter. Geode Capital Management LLC now owns 892,030 shares of the bank’s stock valued at $45,734,000 after purchasing an additional 8,180 shares in the last quarter. Finally, Barclays PLC increased its stake in Enterprise Financial Services by 73.3% in the third quarter. Barclays PLC now owns 83,910 shares of the bank’s stock valued at $4,302,000 after purchasing an additional 35,484 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EFSC shares. Keefe, Bruyette & Woods boosted their price objective on shares of Enterprise Financial Services from $59.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Piper Sandler upped their price objective on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd.

Enterprise Financial Services Trading Down 0.9 %

EFSC opened at $55.12 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a 52 week low of $37.28 and a 52 week high of $63.13. The business’s 50 day moving average is $57.99 and its two-hundred day moving average is $52.18. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 11.68 and a beta of 1.00.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, October 21st. The bank reported $1.29 EPS for the quarter, beating the consensus estimate of $1.14 by $0.15. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. The firm had revenue of $164.89 million during the quarter, compared to the consensus estimate of $157.56 million. On average, research analysts predict that Enterprise Financial Services Corp will post 4.77 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.03%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.27. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 23.73%.

Insider Activity at Enterprise Financial Services

In related news, Director Richard Sanborn sold 100,000 shares of Enterprise Financial Services stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total value of $5,956,000.00. Following the transaction, the director now directly owns 40,950 shares in the company, valued at $2,438,982. This trade represents a 70.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.

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.