Enterprise Financial Services Corp (NASDAQ:EFSC) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 557,875 shares of the bank’s stock after buying an additional 29,747 shares during the quarter. JPMorgan Chase & Co. owned 1.50% of Enterprise Financial Services worth $28,597,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC increased its position in shares of Enterprise Financial Services by 27.9% in the third quarter. Jane Street Group LLC now owns 42,846 shares of the bank’s stock worth $2,196,000 after acquiring an additional 9,345 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Enterprise Financial Services by 3.6% in the 2nd 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. Franklin Resources Inc. boosted its stake in Enterprise Financial Services by 94.8% in the 3rd quarter. Franklin Resources Inc. now owns 46,727 shares of the bank’s stock worth $2,391,000 after purchasing an additional 22,739 shares during the period. Geode Capital Management LLC grew its position in Enterprise Financial Services by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 892,030 shares of the bank’s stock worth $45,734,000 after purchasing an additional 8,180 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in 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 purchasing an additional 104,960 shares during the period. Institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EFSC. Keefe, Bruyette & Woods raised 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 increased their price objective on Enterprise Financial Services from $58.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd.

Insider Activity

In related news, Director Richard Sanborn sold 100,000 shares of the company’s stock in a transaction 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 directly owns 40,950 shares in the company, valued at approximately $2,438,982. This represents a 70.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $55.12 on Wednesday. Enterprise Financial Services Corp has a 52 week low of $37.28 and a 52 week 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. The company has a market capitalization of $2.05 billion, a PE ratio of 11.68 and a beta of 1.00. The company’s 50 day moving average price is $57.99 and its 200 day moving average price is $52.18.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.15. The business had revenue of $164.89 million during the quarter, compared to analyst estimates of $157.56 million. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. Research analysts expect that Enterprise Financial Services Corp will post 4.77 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.28 per share. The ex-dividend date was Monday, December 16th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.03%. Enterprise Financial Services’s dividend payout ratio (DPR) is 23.73%.

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.