Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 15.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,540 shares of the bank's stock after acquiring an additional 15,916 shares during the period. Aptus Capital Advisors LLC owned about 0.32% of Enterprise Financial Services worth $6,076,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Enterprise Financial Services by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,020,424 shares of the bank's stock worth $81,948,000 after acquiring an additional 25,576 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Enterprise Financial Services by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank's stock valued at $85,257,000 after buying an additional 71,502 shares during the last quarter. American Century Companies Inc. raised 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 during the period. Earnest Partners LLC lifted its holdings in Enterprise Financial Services by 3.2% in the second quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank's stock worth $80,019,000 after acquiring an additional 59,809 shares during the last quarter. Finally, Boston Partners acquired a new position in Enterprise Financial Services in the first quarter valued at approximately $873,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Insiders Place Their Bets

In related news, Director Richard Sanborn sold 100,000 shares of the firm'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 transaction, the director now owns 40,950 shares in the company, valued at $2,438,982. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by insiders.

Enterprise Financial Services Stock Performance

NASDAQ:EFSC traded down $0.29 during mid-day trading on Wednesday, hitting $59.55. The stock had a trading volume of 155,628 shares, compared to its average volume of 147,644. Enterprise Financial Services Corp has a 52 week low of $36.73 and a 52 week high of $61.68. 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 stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 12.62 and a beta of 0.96. The company has a 50 day simple moving average of $52.41 and a 200-day simple moving average of $46.76.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its earnings results on Monday, October 21st. The bank reported $1.29 EPS for the quarter, beating 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 firm had revenue of $164.89 million for the quarter, compared to analysts' expectations of $157.56 million. On average, research analysts expect that Enterprise Financial Services Corp will post 4.77 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.28 per share. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.27. The ex-dividend date is Monday, December 16th. This represents a $1.12 annualized dividend and a yield of 1.88%. Enterprise Financial Services's dividend payout ratio (DPR) is presently 22.88%.

Analysts Set New Price Targets

Separately, Piper Sandler raised their price target on Enterprise Financial Services from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd.

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.