Earnest Partners LLC Buys 59,809 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Earnest Partners LLC lifted its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 3.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,955,988 shares of the bank’s stock after acquiring an additional 59,809 shares during the period. Earnest Partners LLC owned 0.05% of Enterprise Financial Services worth $80,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in Enterprise Financial Services during the second quarter valued at approximately $29,000. Innealta Capital LLC bought a new position in Enterprise Financial Services in the 2nd quarter worth $31,000. EntryPoint Capital LLC boosted its holdings in Enterprise Financial Services by 87.4% during the first 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 during the period. Allspring Global Investments Holdings LLC grew its position in shares of Enterprise Financial Services by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock valued at $178,000 after purchasing an additional 370 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Enterprise Financial Services in the first quarter worth about $178,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Price Performance

Shares of Enterprise Financial Services stock opened at $50.83 on Friday. 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 company has a market cap of $1.91 billion, a PE ratio of 10.88 and a beta of 0.98. The firm has a fifty day moving average price of $50.91 and a two-hundred day moving average price of $43.39. 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 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.15. Enterprise Financial Services had a net margin of 19.61% and a return on equity of 10.95%. The business had revenue of $156.02 million during the quarter, compared to analysts’ expectations of $153.41 million. Analysts expect that Enterprise Financial Services Corp will post 4.6 EPS for the current year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, September 16th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.12%. Enterprise Financial Services’s payout ratio is currently 23.13%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 94,815 shares of Enterprise Financial Services stock in a transaction on 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 owns 139,460 shares in the company, valued at $7,493,185.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by corporate 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.