Intech Investment Management LLC Invests $297,000 in Enterprise Financial Services Corp (NASDAQ:EFSC)

Intech Investment Management LLC acquired a new position in Enterprise Financial Services Corp (NASDAQ:EFSC) during the third quarter, according to its most recent filing with the SEC. The firm acquired 5,788 shares of the bank’s stock, valued at approximately $297,000.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Enterprise Financial Services by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank’s stock valued at $85,257,000 after purchasing an additional 71,502 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Enterprise Financial Services by 3.2% during the second quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank’s stock valued at $80,019,000 after purchasing an additional 59,809 shares in the last quarter. American Century Companies Inc. boosted its position 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 valued at $26,816,000 after purchasing an additional 104,960 shares in the last quarter. F M Investments LLC boosted its position in shares of Enterprise Financial Services by 0.8% during the third quarter. F M Investments LLC now owns 218,978 shares of the bank’s stock valued at $11,225,000 after purchasing an additional 1,835 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Enterprise Financial Services by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 212,285 shares of the bank’s stock valued at $8,685,000 after purchasing an additional 7,667 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

Insider Transactions at Enterprise Financial Services

In other news, Director Richard Sanborn sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total value of $5,956,000.00. Following the completion of the transaction, the director now owns 40,950 shares in the company, valued at $2,438,982. The trade was a 70.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.30% of the company’s stock.

Enterprise Financial Services Trading Up 1.5 %

Enterprise Financial Services stock opened at $59.93 on Thursday. 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 business’s fifty day simple moving average is $54.83 and its two-hundred day simple moving average is $48.81. Enterprise Financial Services Corp has a 12 month low of $37.28 and a 12 month high of $63.13. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 12.54 and a beta of 0.99.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, October 21st. The bank reported $1.29 EPS 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 business had revenue of $164.89 million for the quarter, compared to the consensus estimate of $157.56 million. As a group, equities analysts predict that Enterprise Financial Services Corp will post 4.77 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.28 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.12 annualized dividend and a dividend yield of 1.87%. 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%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EFSC. Keefe, Bruyette & Woods lifted their price target on Enterprise Financial Services from $59.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday. 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 report on Wednesday, October 23rd.

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.