Hotchkis & Wiley Capital Management LLC Boosts Stock Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Hotchkis & Wiley Capital Management LLC boosted its stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 13.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 175,080 shares of the bank's stock after purchasing an additional 20,450 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.47% of Enterprise Financial Services worth $8,975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. nVerses Capital LLC purchased a new stake in shares of Enterprise Financial Services in the second quarter worth about $29,000. Innealta Capital LLC purchased a new stake in shares of Enterprise Financial Services during the 2nd quarter worth approximately $31,000. FMR LLC boosted its position in shares of Enterprise Financial Services by 34.2% during the 3rd quarter. FMR LLC now owns 2,560 shares of the bank's stock valued at $131,000 after acquiring an additional 653 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Enterprise Financial Services by 169.7% in 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 in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Enterprise Financial Services in the third quarter worth $198,000. 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 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 transaction of $5,956,000.00. Following the transaction, the director now directly owns 40,950 shares of the company's stock, valued at approximately $2,438,982. This trade represents a 70.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.30% of the company's stock.

Enterprise Financial Services Trading Up 0.1 %

EFSC traded up $0.06 during trading on Thursday, reaching $59.99. The company had a trading volume of 100,013 shares, compared to its average volume of 148,926. The business has a 50 day simple moving average of $55.02 and a 200-day simple moving average of $48.89. The stock has a market cap of $2.23 billion, a P/E ratio of 12.70 and a beta of 0.99. 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 52 week low of $37.28 and a 52 week high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.15. The business had revenue of $164.89 million during the quarter, compared to the consensus estimate of $157.56 million. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.87%. 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 dividend payout ratio is 22.88%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods increased 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. Piper Sandler lifted their price target 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.

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.