DekaBank Deutsche Girozentrale Decreases Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

DekaBank Deutsche Girozentrale reduced its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 35.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,626 shares of the bank’s stock after selling 3,691 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Enterprise Financial Services were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EFSC. Wellington Management Group LLP boosted its holdings in shares of Enterprise Financial Services by 7.0% in the 4th quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank’s stock valued at $102,472,000 after buying an additional 150,023 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 grew its holdings in shares of Enterprise Financial Services by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank’s stock worth $85,387,000 after purchasing an additional 99,703 shares during the last quarter. American Century Companies Inc. grew 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 last quarter. Finally, Jennison Associates LLC increased its position in shares of Enterprise Financial Services by 11.6% during the first quarter. Jennison Associates LLC now owns 459,161 shares of the bank’s stock worth $18,624,000 after purchasing an additional 47,905 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Insider Buying and Selling

In other Enterprise Financial Services news, Director Richard Sanborn sold 94,815 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $53.73, for a total value of $5,094,409.95. Following the transaction, the director now directly owns 139,460 shares of the company’s stock, valued at approximately $7,493,185.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

Enterprise Financial Services Stock Down 2.1 %

Shares of NASDAQ:EFSC opened at $52.26 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $1.96 billion, a P/E ratio of 11.20 and a beta of 0.98. Enterprise Financial Services Corp has a 1-year low of $32.97 and a 1-year high of $54.88. The firm has a fifty day moving average price of $50.38 and a 200 day moving average price of $43.00.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, July 22nd. The bank reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. The firm had revenue of $156.02 million for the quarter, compared to analyst estimates of $153.41 million. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%. Sell-side analysts predict that Enterprise Financial Services Corp will post 4.6 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Monday, September 16th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.26. Enterprise Financial Services’s dividend payout ratio is 23.13%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their target price on Enterprise Financial Services from $45.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th.

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.