Stifel Financial Corp Grows Stock Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Stifel Financial Corp increased its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 6.2% in the third quarter, HoldingsChannel.com reports. The firm owned 24,615 shares of the bank’s stock after acquiring an additional 1,439 shares during the quarter. Stifel Financial Corp’s holdings in Enterprise Financial Services were worth $1,262,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in Enterprise Financial Services during the second quarter worth approximately $29,000. Innealta Capital LLC purchased a new position in shares of Enterprise Financial Services in the 2nd quarter valued at $31,000. Quarry LP raised its stake in Enterprise Financial Services by 2,593.5% during the 3rd quarter. Quarry LP now owns 835 shares of the bank’s stock worth $43,000 after acquiring an additional 804 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Enterprise Financial Services in the third quarter valued at $102,000. Finally, FMR LLC boosted its stake in Enterprise Financial Services by 34.2% in the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock valued at $131,000 after acquiring an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insider Activity

In other news, Director Richard Sanborn sold 100,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 40,950 shares in the company, valued at $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 SEC, which is available through this link. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EFSC. Keefe, Bruyette & Woods lifted their target price on Enterprise Financial Services from $59.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. 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 note on Wednesday, October 23rd.

Enterprise Financial Services Stock Up 1.4 %

Shares of NASDAQ:EFSC opened at $56.59 on Monday. Enterprise Financial Services Corp has a 1-year low of $37.28 and a 1-year high of $63.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $2.10 billion, a P/E ratio of 11.99 and a beta of 0.99. The firm has a fifty day moving average price of $57.14 and a 200 day moving average price of $50.57.

Enterprise Financial Services (NASDAQ:EFSC) last announced 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. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. The business had revenue of $164.89 million during the quarter, compared to the consensus estimate of $157.56 million. Sell-side analysts predict that Enterprise Financial Services Corp will post 4.77 EPS for the current year.

Enterprise Financial Services Increases Dividend

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

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.