Foundry Partners LLC increased its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 1,856.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,869 shares of the bank's stock after acquiring an additional 124,181 shares during the period. Foundry Partners LLC owned about 0.35% of Enterprise Financial Services worth $6,708,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in Enterprise Financial Services in the 2nd quarter valued at approximately $29,000. Innealta Capital LLC purchased a new stake in shares of Enterprise Financial Services during the second quarter worth $31,000. Advisors Asset Management Inc. boosted its position 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 valued at $177,000 after purchasing an additional 2,172 shares during the last quarter. US Bancorp DE increased its position in Enterprise Financial Services by 46.2% in the 3rd quarter. US Bancorp DE now owns 3,873 shares of the bank's stock worth $199,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Meritage Portfolio Management purchased a new stake in shares of Enterprise Financial Services during the 3rd quarter worth about $209,000. Hedge funds and other institutional investors own 72.21% of the company's stock.
Enterprise Financial Services Stock Performance
NASDAQ EFSC opened at $58.77 on Thursday. The stock has a market cap of $2.18 billion, a P/E ratio of 12.45 and a beta of 0.96. 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 Corp has a twelve month low of $36.73 and a twelve month high of $61.68. The company's 50-day simple moving average is $53.24 and its 200 day simple moving average is $47.46.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its earnings results on Monday, October 21st. The bank reported $1.29 earnings per share (EPS) for the quarter, topping 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 business had revenue of $164.89 million during the quarter, compared to analysts' expectations of $157.56 million. As a group, research analysts forecast 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. Stockholders of record on Monday, December 16th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.27. Enterprise Financial Services's dividend payout ratio (DPR) is 22.88%.
Insider Activity at Enterprise Financial Services
In other news, Director Richard Sanborn sold 100,000 shares of the company'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 value of $5,956,000.00. Following the completion of the transaction, the director now owns 40,950 shares in the company, valued at $2,438,982. This represents a 70.95 % decrease in their ownership of the stock. The transaction 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 company insiders.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler increased their price target 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.
Read Our Latest Report on Enterprise Financial Services
About Enterprise Financial Services
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding EFSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Enterprise Financial Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enterprise Financial Services wasn't on the list.
While Enterprise Financial Services currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
