Dynamic Technology Lab Private Ltd Buys New Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Dynamic Technology Lab Private Ltd acquired a new stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,954 shares of the bank's stock, valued at approximately $562,000.

Other large investors also recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in Enterprise Financial Services during the second quarter worth about $29,000. Innealta Capital LLC purchased a new position in Enterprise Financial Services during the second quarter worth about $31,000. Advisors Asset Management Inc. boosted its stake in Enterprise Financial Services by 169.7% during the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank's stock worth $177,000 after buying an additional 2,172 shares during the period. US Bancorp DE boosted its stake in Enterprise Financial Services by 46.2% during the third quarter. US Bancorp DE now owns 3,873 shares of the bank's stock worth $199,000 after buying an additional 1,223 shares during the period. Finally, Meritage Portfolio Management purchased a new position in Enterprise Financial Services during the third quarter worth about $209,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Wall Street Analyst Weigh In

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

Enterprise Financial Services Stock Down 0.4 %

Shares of EFSC traded down $0.25 during mid-day trading on Friday, hitting $60.59. 142,335 shares of the company's stock were exchanged, compared to its average volume of 149,079. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two 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 stock's 50-day moving average is $54.50 and its 200-day moving average is $48.43. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 12.84 and a beta of 0.96.

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, beating analysts' consensus estimates 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 company had revenue of $164.89 million during the quarter, compared to the consensus estimate of $157.56 million. On average, sell-side 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 company also recently declared 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. This represents a $1.12 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Monday, December 16th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.27. Enterprise Financial Services's payout ratio is 23.73%.

Insider Transactions at Enterprise Financial Services

In other news, Director Richard Sanborn sold 100,000 shares of Enterprise Financial Services stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total transaction of $5,956,000.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.30% of the company's stock.

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.