Fmr LLC Has $131,000 Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Fmr LLC lifted its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 34.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,560 shares of the bank’s stock after acquiring an additional 653 shares during the quarter. Fmr LLC’s holdings in Enterprise Financial Services were worth $131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EFSC. F M Investments LLC acquired a new position in Enterprise Financial Services in the second quarter valued at approximately $8,884,000. Foundry Partners LLC increased its stake in shares of Enterprise Financial Services by 1,856.8% in the 3rd quarter. Foundry Partners LLC now owns 130,869 shares of the bank’s stock valued at $6,708,000 after acquiring an additional 124,181 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Enterprise Financial Services during the 3rd quarter valued at $6,095,000. American Century Companies Inc. boosted its stake in Enterprise Financial Services by 19.1% during the second quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock worth $26,816,000 after acquiring an additional 104,960 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Enterprise Financial Services by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank’s stock worth $85,257,000 after purchasing an additional 71,502 shares during the period. Institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Enterprise Financial Services Stock Performance

NASDAQ EFSC opened at $56.59 on Monday. The company’s 50 day simple moving average is $57.14 and its two-hundred day simple moving average is $50.57. The stock has a market capitalization of $2.10 billion, a PE ratio of 11.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. Enterprise Financial Services Corp has a 1 year low of $37.28 and a 1 year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.29 earnings per share for the quarter, beating the consensus estimate 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 net margin of 19.73% and a return on equity of 10.81%. 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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 1.98%. Enterprise Financial Services’s payout ratio is 23.73%.

Insider Buying and Selling

In related news, Director Richard Sanborn sold 100,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 40,950 shares in the company, valued at $2,438,982. This represents a 70.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

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.