Free Trial

Readystate Asset Management LP Buys Shares of 10,946 Enterprise Financial Services Corp (NASDAQ:EFSC)

Enterprise Financial Services logo with Finance background

Readystate Asset Management LP purchased a new stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 10,946 shares of the bank's stock, valued at approximately $561,000.

A number of other institutional investors have also recently added to or reduced their stakes in EFSC. Price T Rowe Associates Inc. MD grew its holdings in Enterprise Financial Services by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,824 shares of the bank's stock worth $1,007,000 after acquiring an additional 1,269 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Enterprise Financial Services in the second quarter valued at $1,394,000. Bank of New York Mellon Corp lifted its stake in shares of Enterprise Financial Services by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 212,285 shares of the bank's stock valued at $8,685,000 after buying an additional 7,667 shares in the last quarter. Bailard Inc. bought a new position in shares of Enterprise Financial Services in the second quarter valued at $413,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Enterprise Financial Services by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,914 shares of the bank's stock valued at $365,000 after purchasing an additional 902 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EFSC has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their price target 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.

Read Our Latest Analysis on Enterprise Financial Services

Insider Transactions at Enterprise Financial Services

In related news, Director Richard Sanborn sold 100,000 shares of the business'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 completion of the transaction, the director now owns 40,950 shares of the company's stock, valued at approximately $2,438,982. The trade was a 70.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.30% of the company's stock.

Enterprise Financial Services Stock Performance

NASDAQ EFSC traded up $0.20 during trading hours on Friday, reaching $60.19. 92,430 shares of the company were exchanged, compared to its average volume of 148,687. Enterprise Financial Services Corp has a 1 year low of $37.28 and a 1 year high of $63.13. The business's 50 day simple moving average is $55.20 and its 200-day simple moving average is $48.96. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.23 billion, a P/E ratio of 12.75 and a beta of 0.99.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its earnings results on Monday, October 21st. The bank reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.15. The firm 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 research analysts expect that Enterprise Financial Services Corp will post 4.77 earnings per share for the current 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 is an increase from Enterprise Financial Services's previous quarterly dividend of $0.27. The ex-dividend date is Monday, December 16th. This represents a $1.12 annualized dividend and a dividend yield of 1.86%. Enterprise Financial Services's dividend payout ratio (DPR) is presently 22.88%.

Enterprise Financial Services Company Profile

(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.

Featured Articles

Institutional Ownership by Quarter for Enterprise Financial Services (NASDAQ:EFSC)

Should you invest $1,000 in Enterprise Financial Services right now?

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

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Broadcom Hits $1 Trillion – Can This AI Powerhouse Go Higher?

Broadcom Hits $1 Trillion – Can This AI Powerhouse Go Higher?

AVGO is up 30% since earnings: could Broadcom be the next member of the Magnificent Seven? Can it sustain this momentum or is a pullback on the horizon?

Related Videos

Why Meta Is Still a Top Stock Pick for 2025
Meta Platforms Tops Most Upgraded Stocks List—Here’s What to Expect
Alphabet Gaining Momentum: Can It Reach $200 by December?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines