Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 41.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,085 shares of the bank's stock after selling 13,978 shares during the quarter. Assenagon Asset Management S.A. owned about 0.05% of Enterprise Financial Services worth $1,030,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EFSC. Vanguard Group Inc. lifted its position in Enterprise Financial Services by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank's stock worth $89,070,000 after buying an additional 48,583 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Enterprise Financial Services by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank's stock worth $178,000 after buying an additional 370 shares in the last quarter. Principal Financial Group Inc. lifted its position in Enterprise Financial Services by 14.6% during the first quarter. Principal Financial Group Inc. now owns 17,904 shares of the bank's stock worth $726,000 after buying an additional 2,276 shares in the last quarter. BNP Paribas Financial Markets raised its position in Enterprise Financial Services by 54.9% in the first quarter. BNP Paribas Financial Markets now owns 26,890 shares of the bank's stock valued at $1,091,000 after purchasing an additional 9,531 shares during the period. Finally, Mutual of America Capital Management LLC raised its position in Enterprise Financial Services by 4.3% in the first quarter. Mutual of America Capital Management LLC now owns 158,025 shares of the bank's stock valued at $6,409,000 after purchasing an additional 6,517 shares during the period. Hedge funds and other institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Trading Down 0.1 %

NASDAQ:EFSC traded down $0.03 on Friday, reaching $52.69. The company's stock had a trading volume of 141,151 shares, compared to its average volume of 133,091. Enterprise Financial Services Corp has a 12-month low of $34.94 and a 12-month high of $54.88. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 11.16 and a beta of 0.96. The stock has a 50 day moving average price of $51.55 and a 200 day moving average price of $45.70.

Enterprise Financial Services Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.13%. Enterprise Financial Services's payout ratio is presently 22.88%.

Analyst Ratings Changes

Separately, Piper Sandler lifted their target price on Enterprise Financial Services from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd.

Enterprise Financial Services 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.