Earnest Partners LLC Boosts Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Earnest Partners LLC raised its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,955,988 shares of the bank's stock after purchasing an additional 59,809 shares during the quarter. Earnest Partners LLC owned 5.22% of Enterprise Financial Services worth $80,019,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Endeavour Capital Advisors Inc. lifted its stake in shares of Enterprise Financial Services by 1.7% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 174,799 shares of the bank's stock valued at $7,151,000 after acquiring an additional 2,871 shares during the last quarter. AQR Capital Management LLC raised its position in Enterprise Financial Services by 35.6% in the second quarter. AQR Capital Management LLC now owns 90,331 shares of the bank's stock valued at $3,695,000 after purchasing an additional 23,697 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Enterprise Financial Services by 164.6% during the second quarter. Renaissance Technologies LLC now owns 49,489 shares of the bank's stock valued at $2,025,000 after purchasing an additional 30,785 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Enterprise Financial Services by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank's stock worth $85,257,000 after purchasing an additional 71,502 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Enterprise Financial Services by 5.9% in the second quarter. Envestnet Asset Management Inc. now owns 123,854 shares of the bank's stock valued at $5,067,000 after buying an additional 6,915 shares during the period. Institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Trading Down 0.8 %

Shares of EFSC traded down $0.39 during trading hours on Friday, hitting $50.44. 121,051 shares of the stock were exchanged, compared to its average volume of 144,888. The firm has a market capitalization of $1.89 billion, a P/E ratio of 10.95 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Financial Services Corp has a fifty-two week low of $32.97 and a fifty-two week high of $54.88. The business has a 50-day moving average of $50.91 and a 200-day moving average of $43.39.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.15. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%. The firm had revenue of $156.02 million during the quarter, compared to analyst estimates of $153.41 million. On average, research analysts expect that Enterprise Financial Services Corp will post 4.6 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.14%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, September 16th. Enterprise Financial Services's dividend payout ratio is presently 23.13%.

Insider Transactions at Enterprise Financial Services

In related news, Director Richard Sanborn sold 94,815 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the transaction, the director now directly owns 139,460 shares of the company's stock, valued at $7,493,185.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price target on shares of Enterprise Financial Services from $45.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th.

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.