Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 90.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,575 shares of the bank’s stock after selling 158,001 shares during the period. Janus Henderson Group PLC’s holdings in Enterprise Financial Services were worth $850,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of Enterprise Financial Services by 3.6% during the 2nd 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 period. American Century Companies Inc. boosted its stake in Enterprise Financial Services by 19.1% during the second quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock worth $26,816,000 after buying an additional 104,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Enterprise Financial Services by 2.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,506 shares of the bank’s stock worth $4,486,000 after acquiring an additional 2,452 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Enterprise Financial Services during the 3rd quarter worth approximately $1,417,000. Finally, Earnest Partners LLC increased its holdings in Enterprise Financial Services by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank’s stock valued at $80,019,000 after purchasing an additional 59,809 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on EFSC shares. Piper Sandler raised 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. Keefe, Bruyette & Woods lifted their target price on Enterprise Financial Services from $59.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

Insider Activity at Enterprise Financial Services

In other news, Director Richard Sanborn sold 100,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total value of $5,956,000.00. Following the transaction, the director now owns 40,950 shares in the company, valued at approximately $2,438,982. This represents a 70.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by corporate insiders.

Enterprise Financial Services Stock Down 0.6 %

Enterprise Financial Services stock opened at $59.21 on Friday. The firm has a market capitalization of $2.20 billion, a P/E ratio of 12.54 and a beta of 0.99. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month high of $63.13. The stock’s fifty day simple moving average is $56.38 and its 200-day simple moving average is $49.90.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. The company had revenue of $164.89 million for the quarter, compared to analyst estimates of $157.56 million. As a group, equities analysts expect that Enterprise Financial Services Corp will post 4.77 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.89%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. Enterprise Financial Services’s payout ratio is presently 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.