Barclays PLC Buys 35,484 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Barclays PLC boosted its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 73.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,910 shares of the bank’s stock after purchasing an additional 35,484 shares during the period. Barclays PLC owned about 0.23% of Enterprise Financial Services worth $4,302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of Enterprise Financial Services during the 2nd quarter valued at $29,000. Innealta Capital LLC bought a new position in Enterprise Financial Services in the second quarter valued at about $31,000. Quarry LP boosted its position in Enterprise Financial Services by 2,593.5% in the third quarter. Quarry LP now owns 835 shares of the bank’s stock worth $43,000 after purchasing an additional 804 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Enterprise Financial Services during the 3rd quarter valued at about $102,000. Finally, FMR LLC increased 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 purchasing an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Trading Up 1.4 %

Shares of NASDAQ:EFSC opened at $56.59 on Friday. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13. The company has a market cap of $2.10 billion, a PE ratio of 11.99 and a beta of 0.99. The stock has a 50 day moving average of $57.14 and a 200 day moving average of $50.48. 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 (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. The firm had revenue of $164.89 million during the quarter, compared to analysts’ expectations of $157.56 million. As a group, equities research analysts expect that Enterprise Financial Services Corp will post 4.77 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.98%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, December 16th. Enterprise Financial Services’s payout ratio is presently 23.73%.

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 40,950 shares in the company, valued at $2,438,982. This represents a 70.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EFSC. Piper Sandler boosted their target price 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 boosted 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, December 4th.

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.