Janus Henderson Group PLC Cuts Stock Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Janus Henderson Group PLC decreased its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 90.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,575 shares of the bank's stock after selling 158,001 shares during the period. Janus Henderson Group PLC's holdings in Enterprise Financial Services were worth $850,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. bought a new position in Enterprise Financial Services in the 2nd quarter valued at approximately $1,394,000. Bank of New York Mellon Corp lifted its position in shares of Enterprise Financial Services by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 212,285 shares of the bank's stock valued at $8,685,000 after purchasing an additional 7,667 shares in the last quarter. Bailard Inc. bought a new position in shares of Enterprise Financial Services during the second quarter valued at about $413,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Enterprise Financial Services by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,914 shares of the bank's stock worth $365,000 after acquiring an additional 902 shares during the period. Finally, F M Investments LLC purchased a new position in shares of Enterprise Financial Services in the second quarter worth about $8,884,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Wall Street Analysts Forecast Growth

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

Enterprise Financial Services Trading Down 0.6 %

EFSC traded down $0.33 during trading on Friday, reaching $59.21. The company had a trading volume of 194,800 shares, compared to its average volume of 148,414. The stock has a market cap of $2.20 billion, a P/E ratio of 12.54 and a beta of 0.99. The business has a 50 day simple moving average of $56.38 and a 200-day simple moving average of $49.90. Enterprise Financial Services Corp has a 52 week low of $37.28 and a 52 week high of $63.13. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released 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. 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 during the quarter, compared to the consensus estimate of $157.56 million. On average, equities analysts anticipate that Enterprise Financial Services Corp will post 4.77 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.28 dividend. The ex-dividend date is 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 yield of 1.89%. Enterprise Financial Services's payout ratio is presently 22.88%.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 40,950 shares in the company, valued at $2,438,982. This represents a 70.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

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.