US Bancorp DE Grows Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

US Bancorp DE raised its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 46.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,873 shares of the bank’s stock after buying an additional 1,223 shares during the quarter. US Bancorp DE’s holdings in Enterprise Financial Services were worth $199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EFSC. Parkside Financial Bank & Trust lifted its stake in shares of Enterprise Financial Services by 2.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 8,133 shares of the bank’s stock valued at $333,000 after purchasing an additional 224 shares in the last quarter. Arizona State Retirement System lifted its position in Enterprise Financial Services by 2.2% during the second quarter. Arizona State Retirement System now owns 10,502 shares of the bank’s stock valued at $430,000 after buying an additional 228 shares in the last quarter. Cornercap Investment Counsel Inc. grew its stake in Enterprise Financial Services by 0.8% during the second quarter. Cornercap Investment Counsel Inc. now owns 29,469 shares of the bank’s stock worth $1,206,000 after buying an additional 229 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Enterprise Financial Services by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock worth $178,000 after acquiring an additional 370 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of Enterprise Financial Services by 4.8% in the 2nd quarter. Quest Partners LLC now owns 10,851 shares of the bank’s stock valued at $444,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler upped their price target 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.

Enterprise Financial Services Stock Down 0.8 %

NASDAQ EFSC opened at $59.08 on Friday. The stock has a market cap of $2.19 billion, a PE ratio of 12.52 and a beta of 0.96. The business has a 50 day moving average price of $52.58 and a two-hundred day moving average price of $46.84. Enterprise Financial Services Corp has a fifty-two week low of $36.73 and a fifty-two week high of $61.68. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, October 21st. The bank reported $1.29 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $164.89 million during the quarter, compared to the consensus estimate of $157.56 million. As a group, sell-side 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. Stockholders of record on Monday, December 16th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 1.90%. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 22.88%.

Insider Transactions at Enterprise Financial Services

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

About Enterprise Financial Services

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.