Martingale Asset Management L P Decreases Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Martingale Asset Management L P lowered its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,894 shares of the bank’s stock after selling 400 shares during the period. Martingale Asset Management L P owned approximately 0.16% of Enterprise Financial Services worth $3,019,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Enterprise Financial Services by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,020,424 shares of the bank’s stock worth $81,948,000 after purchasing an additional 25,576 shares during the period. Price T Rowe Associates Inc. MD increased its position in Enterprise Financial Services by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,824 shares of the bank’s stock valued at $1,007,000 after acquiring an additional 1,269 shares during the last quarter. Boston Partners bought a new position in Enterprise Financial Services during the first quarter valued at $873,000. Assenagon Asset Management S.A. bought a new stake in shares of Enterprise Financial Services in the 2nd quarter worth about $1,394,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Enterprise Financial Services by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 212,285 shares of the bank’s stock worth $8,685,000 after purchasing an additional 7,667 shares during the period. 72.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Enterprise Financial Services

In related news, Director Richard Sanborn sold 100,000 shares of Enterprise Financial Services stock in a transaction dated 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 completion of the sale, the director now directly owns 40,950 shares in the company, valued at $2,438,982. The trade was a 70.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Enterprise Financial Services Stock Down 0.4 %

Shares of EFSC opened at $60.59 on Friday. The firm has a fifty day moving average price of $54.50 and a 200-day moving average price of $48.43. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.25 billion, a P/E ratio of 12.84 and a beta of 0.96. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last issued 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 business had revenue of $164.89 million for the quarter, compared to the consensus estimate of $157.56 million. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. Equities research analysts expect that Enterprise Financial Services Corp will post 4.77 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.28 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 1.85%. The ex-dividend date is Monday, December 16th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 23.73%.

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.