EP Wealth Advisors LLC Invests $317,000 in Enterprise Financial Services Corp (NASDAQ:EFSC)

EP Wealth Advisors LLC bought a new position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,176 shares of the bank’s stock, valued at approximately $317,000.

Several other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Enterprise Financial Services by 16.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,545,092 shares of the bank’s stock worth $181,721,000 after buying an additional 505,552 shares during the period. F M Investments LLC acquired a new stake in Enterprise Financial Services in the 2nd quarter worth about $8,884,000. Foundry Partners LLC boosted its holdings in Enterprise Financial Services by 1,856.8% in the 3rd quarter. Foundry Partners LLC now owns 130,869 shares of the bank’s stock valued at $6,708,000 after purchasing an additional 124,181 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Enterprise Financial Services during the 3rd quarter worth approximately $6,095,000. Finally, American Century Companies Inc. increased its holdings in shares of Enterprise Financial Services by 19.1% during the second quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock worth $26,816,000 after purchasing an additional 104,960 shares during the period. 72.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EFSC has been the subject of several recent research reports. Piper Sandler boosted their price target on Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their target price on Enterprise Financial Services from $59.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

Insiders Place Their Bets

In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of the business’s 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 owns 40,950 shares of the company’s stock, valued at approximately $2,438,982. The trade was a 70.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC opened at $59.21 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 stock has a market capitalization of $2.20 billion, a PE ratio of 12.54 and a beta of 0.99. The firm has a 50 day moving average of $56.38 and a 200-day moving average of $49.82. 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 released its earnings results on Monday, October 21st. The bank reported $1.29 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $157.56 million. On average, equities research analysts predict that Enterprise Financial Services Corp will post 4.77 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Monday, December 16th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.27. Enterprise Financial Services’s payout ratio is currently 22.88%.

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.