Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Bought by US Bancorp DE

US Bancorp DE grew its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 46.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,873 shares of the bank’s stock after purchasing an additional 1,223 shares during the quarter. US Bancorp DE’s holdings in Enterprise Financial Services were worth $199,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. F M Investments LLC bought a new position in Enterprise Financial Services during the second quarter worth $8,884,000. American Century Companies Inc. raised its holdings in shares of Enterprise Financial Services by 19.1% during the second quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock worth $26,816,000 after purchasing an additional 104,960 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Enterprise Financial Services by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank’s stock worth $85,257,000 after buying an additional 71,502 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Enterprise Financial Services by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank’s stock valued at $80,019,000 after buying an additional 59,809 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Enterprise Financial Services during the 2nd quarter valued at about $1,394,000. Institutional investors own 72.21% of the company’s stock.

Insider Transactions at Enterprise Financial Services

In related news, Director Richard Sanborn sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total value of $5,956,000.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC opened at $59.08 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $2.19 billion, a PE ratio of 12.52 and a beta of 0.96. Enterprise Financial Services Corp has a 1-year low of $36.73 and a 1-year high of $61.68. The business’s fifty day moving average price is $52.58 and its two-hundred day moving average price is $46.84.

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

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Monday, December 16th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.27. Enterprise Financial Services’s payout ratio is 22.88%.

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.