118,898 Shares in Enterprise Financial Services Corp (NASDAQ:EFSC) Purchased by Eagle Asset Management Inc.

Eagle Asset Management Inc. purchased a new position in Enterprise Financial Services Corp (NASDAQ:EFSC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 118,898 shares of the bank’s stock, valued at approximately $6,095,000. Eagle Asset Management Inc. owned 0.32% of Enterprise Financial Services at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its holdings in Enterprise Financial Services by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 421,874 shares of the bank’s stock worth $21,625,000 after acquiring an additional 3,586 shares in the last quarter. Foundry Partners LLC grew its holdings in Enterprise Financial Services by 1,856.8% during the 3rd quarter. Foundry Partners LLC now owns 130,869 shares of the bank’s stock worth $6,708,000 after acquiring an additional 124,181 shares in the last quarter. Intech Investment Management LLC bought a new position in Enterprise Financial Services during the 3rd quarter worth about $297,000. Advisors Asset Management Inc. grew its holdings in Enterprise Financial Services by 169.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock worth $177,000 after acquiring an additional 2,172 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Enterprise Financial Services during the 3rd quarter worth about $221,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

EFSC opened at $60.74 on Monday. Enterprise Financial Services Corp has a 12-month low of $36.73 and a 12-month high of $61.68. 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 $2.26 billion, a PE ratio of 12.87 and a beta of 0.96. The firm has a 50 day moving average of $53.63 and a two-hundred day moving average of $47.81.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. The company had revenue of $164.89 million during the quarter, compared to analyst estimates of $157.56 million. On average, analysts anticipate 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. Shareholders 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 a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 1.84%. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 22.88%.

Analyst Ratings Changes

Separately, Piper Sandler raised their price target 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.

Insiders Place Their Bets

In other news, Director Richard Sanborn sold 100,000 shares of Enterprise Financial Services stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total transaction of $5,956,000.00. Following the completion of the transaction, the director now directly owns 40,950 shares of the company’s stock, valued at $2,438,982. The trade was a 70.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

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.