Connor Clark & Lunn Investment Management Ltd. Makes New $221,000 Investment in Enterprise Financial Services Corp (NASDAQ:EFSC)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,321 shares of the bank’s stock, valued at approximately $221,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Enterprise Financial Services by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,020,424 shares of the bank’s stock worth $81,948,000 after purchasing an additional 25,576 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Enterprise Financial Services by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank’s stock valued at $85,257,000 after acquiring an additional 71,502 shares during the last quarter. American Century Companies Inc. increased its stake in shares of 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 acquiring an additional 104,960 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Enterprise Financial Services during the 3rd quarter worth about $1,417,000. Finally, Earnest Partners LLC boosted its position in shares of Enterprise Financial Services by 3.2% in the second quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank’s stock worth $80,019,000 after acquiring an additional 59,809 shares during the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

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 that occurred on 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 of the company’s stock, valued at $2,438,982. This trade represents a 70.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased 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 note on Wednesday, October 23rd.

Enterprise Financial Services Stock Performance

Shares of NASDAQ:EFSC opened at $60.59 on Monday. The firm has a market capitalization of $2.25 billion, a PE ratio of 12.84 and a beta of 0.96. Enterprise Financial Services Corp has a 12 month low of $37.28 and a 12 month high of $63.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50-day moving average of $54.50 and a two-hundred day moving average of $48.49.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $1.29 EPS 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 firm had revenue of $164.89 million for the quarter, compared to analyst estimates of $157.56 million. As a group, research analysts forecast that Enterprise Financial Services Corp will post 4.77 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently declared 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 an increase 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 dividend payout ratio is currently 22.88%.

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.