Enterprise Financial Services Corp (NASDAQ:EFSC) Stake Raised by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,942 shares of the bank’s stock after buying an additional 754 shares during the period. Victory Capital Management Inc.’s holdings in Enterprise Financial Services were worth $652,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Enterprise Financial Services by 7.0% in the fourth quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank’s stock worth $102,472,000 after purchasing an additional 150,023 shares in the last quarter. Vanguard Group Inc. increased its holdings in Enterprise Financial Services by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,020,424 shares of the bank’s stock worth $81,948,000 after buying an additional 25,576 shares during the last quarter. Jennison Associates LLC grew its holdings in Enterprise Financial Services by 11.6% during the first quarter. Jennison Associates LLC now owns 459,161 shares of the bank’s stock valued at $18,624,000 after purchasing an additional 47,905 shares during the last quarter. BHZ Capital Management LP acquired a new position in Enterprise Financial Services during the fourth quarter valued at approximately $692,000. Finally, Boston Partners acquired a new stake in shares of Enterprise Financial Services in the first quarter worth $873,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Enterprise Financial Services Trading Down 2.1 %

NASDAQ:EFSC opened at $52.26 on Monday. The stock has a market capitalization of $1.96 billion, a PE ratio of 11.19 and a beta of 0.98. The business’s 50-day simple moving average is $50.56 and its 200-day simple moving average is $43.13. 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 Corp has a fifty-two week low of $32.97 and a fifty-two week high of $54.88.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, July 22nd. The bank reported $1.21 EPS for the quarter, beating 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 return on equity of 10.95% and a net margin of 19.61%. Sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.07%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.26. Enterprise Financial Services’s dividend payout ratio is currently 23.13%.

Insider Transactions at Enterprise Financial Services

In other news, Director Richard Sanborn sold 94,815 shares of the company’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 in the company, valued at approximately $7,493,185.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

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

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.