Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. reduced its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,704 shares of the bank’s stock after selling 745 shares during the quarter. Financial Counselors Inc. owned 0.11% of Enterprise Financial Services worth $2,086,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in Enterprise Financial Services by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,020,424 shares of the bank’s stock valued at $81,948,000 after acquiring an additional 25,576 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Enterprise Financial Services by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank’s stock valued at $85,257,000 after purchasing an additional 71,502 shares during the period. American Century Companies Inc. grew its holdings in Enterprise Financial Services by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock valued at $26,816,000 after purchasing an additional 104,960 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Enterprise Financial Services during the 3rd quarter worth $1,417,000. Finally, Earnest Partners LLC lifted its holdings in Enterprise Financial Services by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank’s stock worth $80,019,000 after buying an additional 59,809 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Stock Down 0.4 %

EFSC stock opened at $60.59 on Friday. 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 50 day simple moving average of $54.34 and a 200-day simple moving average of $48.28. The company 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 twelve month low of $37.28 and a twelve month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. The firm 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%. On average, equities research analysts predict that Enterprise Financial Services Corp will post 4.77 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.28 dividend. This is a positive change 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 payout ratio is currently 23.73%.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of the stock in a transaction 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 sale, the director now directly owns 40,950 shares of the company’s stock, valued at approximately $2,438,982. This represents a 70.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.