Barclays PLC Raises Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Barclays PLC lifted its stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 73.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,910 shares of the bank's stock after purchasing an additional 35,484 shares during the period. Barclays PLC owned approximately 0.23% of Enterprise Financial Services worth $4,302,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised its stake in shares of Enterprise Financial Services by 2.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 8,133 shares of the bank's stock worth $333,000 after buying an additional 224 shares during the last quarter. Arizona State Retirement System raised its position in 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 acquiring an additional 228 shares during the last quarter. Cornercap Investment Counsel Inc. raised its position in 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 acquiring an additional 229 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Enterprise Financial Services by 4.8% in the second quarter. Quest Partners LLC now owns 10,851 shares of the bank's stock valued at $444,000 after purchasing an additional 500 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Enterprise Financial Services by 6.0% in the third quarter. Harbor Capital Advisors Inc. now owns 11,339 shares of the bank's stock valued at $581,000 after purchasing an additional 645 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Insiders Place Their Bets

In other news, Director Richard Sanborn sold 100,000 shares of the business's stock in a transaction 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 of the company's stock, valued at $2,438,982. The trade was a 70.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by corporate insiders.

Enterprise Financial Services Trading Up 1.4 %

Shares of NASDAQ:EFSC traded up $0.77 during trading on Friday, reaching $56.59. The stock had a trading volume of 514,252 shares, compared to its average volume of 150,232. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.10 billion, a P/E ratio of 11.99 and a beta of 0.99. The business has a fifty day moving average price of $57.14 and a 200-day moving average price of $50.57. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two week high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its earnings results on Monday, October 21st. The bank reported $1.29 EPS for the quarter, topping the consensus estimate of $1.14 by $0.15. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. The firm had revenue of $164.89 million during the quarter, compared to analysts' expectations of $157.56 million. As a group, analysts anticipate 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. Investors of record on Monday, December 16th will be given a dividend of $0.28 per share. 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. This represents a $1.12 annualized dividend and a yield of 1.98%. Enterprise Financial Services's dividend payout ratio is 23.73%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Piper Sandler lifted their price objective on Enterprise Financial Services from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods boosted their price target on Enterprise Financial Services from $59.00 to $68.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th.

Enterprise Financial Services Company 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.