Fmr LLC Grows Stock Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Fmr LLC increased its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 34.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,560 shares of the bank’s stock after buying an additional 653 shares during the period. Fmr LLC’s holdings in Enterprise Financial Services were worth $131,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. nVerses Capital LLC bought a new position in Enterprise Financial Services in the 2nd quarter worth approximately $29,000. Innealta Capital LLC bought a new position in shares of Enterprise Financial Services during the second quarter worth $31,000. Advisors Asset Management Inc. grew its stake in Enterprise Financial Services by 169.7% during the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock valued at $177,000 after acquiring an additional 2,172 shares in the last quarter. Quantbot Technologies LP bought a new stake in Enterprise Financial Services in the 3rd quarter valued at $198,000. Finally, US Bancorp DE increased its holdings in Enterprise Financial Services by 46.2% in the 3rd quarter. US Bancorp DE now owns 3,873 shares of the bank’s stock valued at $199,000 after acquiring an additional 1,223 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. 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, December 4th. Piper Sandler raised their target price 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 Performance

Shares of NASDAQ:EFSC opened at $56.59 on Monday. The firm’s 50 day simple moving average is $57.14 and its 200-day simple moving average is $50.57. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.13. The firm has a market cap of $2.10 billion, a PE ratio of 11.99 and a beta of 0.99.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.29 EPS for the quarter, beating the consensus estimate of $1.14 by $0.15. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. The firm had revenue of $164.89 million for the quarter, compared to analyst estimates of $157.56 million. As a group, equities analysts predict 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 given a dividend of $0.28 per share. The ex-dividend date is Monday, December 16th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.98%. Enterprise Financial Services’s dividend payout ratio is presently 23.73%.

Insider Activity

In related news, Director Richard Sanborn sold 100,000 shares of the company’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 owns 40,950 shares in the company, valued at $2,438,982. This represents a 70.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.

Enterprise Financial Services Company 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.