American Century Companies Inc. Buys 104,960 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

American Century Companies Inc. lifted its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 19.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 655,490 shares of the bank’s stock after buying an additional 104,960 shares during the quarter. American Century Companies Inc. owned about 1.75% of Enterprise Financial Services worth $26,816,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EFSC. nVerses Capital LLC acquired a new position in shares of Enterprise Financial Services during the 2nd quarter worth about $29,000. Innealta Capital LLC bought a new position in Enterprise Financial Services during the second quarter worth about $31,000. EntryPoint Capital LLC increased its position in Enterprise Financial Services by 87.4% during the first quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock worth $159,000 after buying an additional 1,831 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in 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 valued at $178,000 after buying an additional 370 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Enterprise Financial Services in the first quarter valued at approximately $178,000. 72.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler raised their price target on Enterprise Financial Services from $45.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th.

Insider Activity

In related news, Director Richard Sanborn sold 94,815 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the transaction, the director now directly owns 139,460 shares of the company’s stock, valued at $7,493,185.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Enterprise Financial Services Stock Down 0.5 %

Enterprise Financial Services stock opened at $51.83 on Thursday. Enterprise Financial Services Corp has a twelve month low of $32.97 and a twelve month high of $54.88. The stock has a market cap of $1.94 billion, a P/E ratio of 11.10 and a beta of 0.98. The company’s 50-day moving average price is $49.93 and its two-hundred day moving average price is $42.86. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, July 22nd. The bank reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. The company had revenue of $156.02 million for the quarter, compared to analyst estimates of $153.41 million. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%. As a group, analysts expect that Enterprise Financial Services Corp will post 4.6 EPS for the current year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, September 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.26. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 23.13%.

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.