Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 0.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 892,030 shares of the bank’s stock after buying an additional 8,180 shares during the quarter. Geode Capital Management LLC owned approximately 2.40% of Enterprise Financial Services worth $45,734,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its stake in shares of Enterprise Financial Services by 2.8% during the second quarter. Parkside Financial Bank & Trust now owns 8,133 shares of the bank’s stock valued at $333,000 after acquiring an additional 224 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Enterprise Financial Services by 2.2% during the second quarter. Arizona State Retirement System now owns 10,502 shares of the bank’s stock worth $430,000 after buying an additional 228 shares in the last quarter. Cornercap Investment Counsel Inc. grew its holdings in shares of 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 in the last quarter. Quest Partners LLC lifted its stake in shares of Enterprise Financial Services by 4.8% during the second quarter. Quest Partners LLC now owns 10,851 shares of the bank’s stock valued at $444,000 after buying an additional 500 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Enterprise Financial Services by 6.0% during the third quarter. Harbor Capital Advisors Inc. now owns 11,339 shares of the bank’s stock valued at $581,000 after buying an additional 645 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $56.50 on Tuesday. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.97 and a beta of 0.99. The company has a 50 day moving average price of $57.14 and a 200 day moving average price of $50.66. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, October 21st. The bank reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. The firm had revenue of $164.89 million for the quarter, compared to analysts’ expectations of $157.56 million. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. Sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.98%. 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. Enterprise Financial Services’s dividend payout ratio is 23.73%.

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EFSC shares. Piper Sandler boosted their price target on Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their target price on Enterprise Financial Services from $59.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

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.