Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 1.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 30,936 shares of the bank’s stock after selling 579 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.08% of Enterprise Financial Services worth $1,586,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of Enterprise Financial Services by 3.6% during the second 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of Enterprise Financial Services by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,020,424 shares of the bank’s stock valued at $81,948,000 after buying an additional 25,576 shares during the period. Earnest Partners LLC lifted its position in Enterprise Financial Services by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank’s stock worth $80,019,000 after acquiring an additional 59,809 shares in the last quarter. American Century Companies Inc. boosted its holdings in Enterprise Financial Services by 19.1% in the 2nd quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock worth $26,816,000 after acquiring an additional 104,960 shares during the period. Finally, F M Investments LLC grew its position in Enterprise Financial Services by 0.8% in the third quarter. F M Investments LLC now owns 218,978 shares of the bank’s stock valued at $11,225,000 after acquiring an additional 1,835 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price target on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd.

Insider Buying and Selling

In related news, Director Richard Sanborn sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was 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. This trade represents a 70.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Enterprise Financial Services Price Performance

EFSC stock opened at $58.83 on Monday. The stock’s 50 day moving average is $52.75 and its two-hundred day moving average is $47.11. Enterprise Financial Services Corp has a 52-week low of $36.73 and a 52-week high of $61.68. The company has a market capitalization of $2.18 billion, a PE ratio of 12.46 and a beta of 0.96. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results 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. The business had revenue of $164.89 million during the quarter, compared to analyst estimates of $157.56 million. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. Analysts predict that Enterprise Financial Services Corp will post 4.77 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.28 per share. This is a boost 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 1.90%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 22.88%.

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.