Atria Investments Inc Sells 970 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Atria Investments Inc reduced its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 17.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,597 shares of the bank’s stock after selling 970 shares during the quarter. Atria Investments Inc’s holdings in Enterprise Financial Services were worth $236,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. nVerses Capital LLC bought a new position in Enterprise Financial Services in the second quarter valued at approximately $29,000. Innealta Capital LLC acquired a new position in Enterprise Financial Services during the second quarter worth about $31,000. US Bancorp DE lifted its holdings in shares of Enterprise Financial Services by 46.2% in the third quarter. US Bancorp DE now owns 3,873 shares of the bank’s stock worth $199,000 after acquiring an additional 1,223 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Enterprise Financial Services in the 3rd quarter valued at approximately $267,000. Finally, ProShare Advisors LLC grew its holdings in shares of Enterprise Financial Services by 8.6% during the 1st quarter. ProShare Advisors LLC now owns 6,525 shares of the bank’s stock valued at $265,000 after purchasing an additional 515 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted 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.

Enterprise Financial Services Price Performance

Shares of EFSC opened at $60.74 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $2.26 billion, a PE ratio of 12.87 and a beta of 0.96. The business’s 50 day moving average price is $53.63 and its two-hundred day moving average price is $47.75. Enterprise Financial Services Corp has a 52-week low of $36.73 and a 52-week high of $61.68.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.15. The business had revenue of $164.89 million for the quarter, compared to analyst estimates of $157.56 million. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. On average, equities 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. Investors of record on Monday, December 16th will be given a $0.28 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.12 annualized dividend and a yield of 1.84%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 22.88%.

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 dated Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total value of $5,956,000.00. Following the completion of the sale, the director now owns 40,950 shares in the company, valued at approximately $2,438,982. This trade represents a 70.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.30% of the company’s stock.

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.