GSA Capital Partners LLP Takes $1.42 Million Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

GSA Capital Partners LLP acquired a new position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 27,644 shares of the bank's stock, valued at approximately $1,417,000. GSA Capital Partners LLP owned 0.07% of Enterprise Financial Services as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in shares of Enterprise Financial Services in the second quarter valued at approximately $29,000. Innealta Capital LLC acquired a new stake in shares of Enterprise Financial Services in the second quarter valued at approximately $31,000. US Bancorp DE increased its stake in shares of Enterprise Financial Services by 46.2% in the third quarter. US Bancorp DE now owns 3,873 shares of the bank's stock valued at $199,000 after purchasing an additional 1,223 shares during the period. EntryPoint Capital LLC increased its stake in shares of Enterprise Financial Services by 87.4% in the first quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank's stock valued at $159,000 after purchasing an additional 1,831 shares during the period. Finally, Meritage Portfolio Management acquired a new stake in shares of Enterprise Financial Services in the third quarter valued at approximately $209,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

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 value 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 approximately $2,438,982. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company's stock.

Enterprise Financial Services Price Performance

NASDAQ:EFSC traded down $0.29 during trading hours on Thursday, reaching $59.26. 37,962 shares of the company's stock were exchanged, compared to its average volume of 147,148. The company has a market capitalization of $2.20 billion, a P/E ratio of 12.62 and a beta of 0.96. Enterprise Financial Services Corp has a 12 month low of $36.73 and a 12 month high of $61.68. 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 business's 50-day simple moving average is $52.41 and its two-hundred day simple moving average is $46.76.

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 for the quarter, topping analysts' consensus estimates of $1.14 by $0.15. The firm had revenue of $164.89 million during the quarter, compared to analysts' expectations of $157.56 million. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. Sell-side analysts expect that Enterprise Financial Services Corp will post 4.77 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.28 dividend. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a yield of 1.89%. Enterprise Financial Services's dividend payout ratio (DPR) is currently 22.88%.

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.