Intech Investment Management LLC Buys Shares of 5,788 Enterprise Financial Services Corp (NASDAQ:EFSC)

Intech Investment Management LLC bought a new stake in Enterprise Financial Services Corp (NASDAQ:EFSC) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 5,788 shares of the bank’s stock, valued at approximately $297,000.

A number of other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in Enterprise Financial Services by 2.8% in the second quarter. Parkside Financial Bank & Trust now owns 8,133 shares of the bank’s stock valued at $333,000 after acquiring an additional 224 shares during the period. Arizona State Retirement System grew its position in shares of Enterprise Financial Services by 2.2% during the second quarter. Arizona State Retirement System now owns 10,502 shares of the bank’s stock worth $430,000 after purchasing an additional 228 shares in the last quarter. Cornercap Investment Counsel Inc. grew its position in shares of Enterprise Financial Services by 0.8% during the second quarter. Cornercap Investment Counsel Inc. now owns 29,469 shares of the bank’s stock worth $1,206,000 after purchasing an additional 229 shares in the last quarter. Quest Partners LLC grew its position in shares of Enterprise Financial Services by 4.8% during the second quarter. Quest Partners LLC now owns 10,851 shares of the bank’s stock worth $444,000 after purchasing an additional 500 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Enterprise Financial Services by 6.0% during the third quarter. Harbor Capital Advisors Inc. now owns 11,339 shares of the bank’s stock worth $581,000 after purchasing an additional 645 shares in the last quarter. 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 transaction of $5,956,000.00. Following the completion of the sale, the director now directly owns 40,950 shares of the company’s stock, valued at approximately $2,438,982. This trade represents a 70.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.30% of the company’s stock.

Enterprise Financial Services Stock Performance

NASDAQ EFSC opened at $59.93 on Thursday. The stock has a market capitalization of $2.23 billion, a PE ratio of 12.54 and a beta of 0.99. The business has a 50 day simple moving average of $54.83 and a two-hundred day simple moving average of $48.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. Enterprise Financial Services Corp has a 1-year low of $37.28 and a 1-year high of $63.13.

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

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.28 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.87%. Enterprise Financial Services’s payout ratio is 22.88%.

Wall Street Analyst Weigh In

Several research firms have weighed in on EFSC. Keefe, Bruyette & Woods raised their price target on Enterprise Financial Services from $59.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday. Piper Sandler raised their price target on 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 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.