Assenagon Asset Management S.A. Sells 13,978 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Assenagon Asset Management S.A. trimmed its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 41.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,085 shares of the bank’s stock after selling 13,978 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Enterprise Financial Services were worth $1,030,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EFSC. Vanguard Group Inc. boosted its position in shares of Enterprise Financial Services by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank’s stock worth $89,070,000 after acquiring an additional 48,583 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Enterprise Financial Services by 9.2% during the first 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. Principal Financial Group Inc. grew its holdings in Enterprise Financial Services by 14.6% in the first quarter. Principal Financial Group Inc. now owns 17,904 shares of the bank’s stock worth $726,000 after purchasing an additional 2,276 shares during the period. BNP Paribas Financial Markets grew its holdings in Enterprise Financial Services by 54.9% in the first quarter. BNP Paribas Financial Markets now owns 26,890 shares of the bank’s stock worth $1,091,000 after purchasing an additional 9,531 shares during the period. Finally, Mutual of America Capital Management LLC grew its holdings in Enterprise Financial Services by 4.3% in the first quarter. Mutual of America Capital Management LLC now owns 158,025 shares of the bank’s stock worth $6,409,000 after purchasing an additional 6,517 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price objective on shares of 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 Stock Down 0.1 %

EFSC opened at $52.69 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’s 50-day moving average is $51.55 and its 200 day moving average is $45.65. Enterprise Financial Services Corp has a fifty-two week low of $34.94 and a fifty-two week high of $54.88. The firm has a market capitalization of $1.97 billion, a P/E ratio of 11.16 and a beta of 0.97.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.28 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.12 annualized dividend and a yield of 2.13%. Enterprise Financial Services’s payout ratio is currently 22.88%.

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.