Jane Street Group LLC boosted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 27.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,846 shares of the bank's stock after acquiring an additional 9,345 shares during the period. Jane Street Group LLC owned 0.12% of Enterprise Financial Services worth $2,196,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Enterprise Financial Services by 16.6% in the third quarter. Wellington Management Group LLP now owns 3,545,092 shares of the bank's stock valued at $181,721,000 after purchasing an additional 505,552 shares during the period. Dimensional Fund Advisors LP increased its position 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 last quarter. Earnest Partners LLC raised 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 buying an additional 59,809 shares during the period. American Century Companies Inc. lifted its position in Enterprise Financial Services by 19.1% in the second quarter. American Century Companies Inc. now owns 655,490 shares of the bank's stock valued at $26,816,000 after buying an additional 104,960 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Enterprise Financial Services by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 421,874 shares of the bank's stock valued at $21,625,000 after acquiring an additional 3,586 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ EFSC opened at $56.50 on Tuesday. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.13. The firm has a 50 day simple moving average of $57.14 and a 200-day simple moving average of $50.66. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 11.97 and a beta of 0.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.29 EPS for the quarter, beating 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 company had revenue of $164.89 million during the quarter, compared to analysts' expectations of $157.56 million. Equities research analysts anticipate that Enterprise Financial Services Corp will post 4.77 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.28 per share. 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 yield of 1.98%. Enterprise Financial Services's dividend payout ratio is 23.73%.
In related news, Director Richard Sanborn sold 100,000 shares of the company'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 sale, the director now directly owns 40,950 shares in the company, valued at approximately $2,438,982. This represents a 70.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Enterprise Financial Services from $59.00 to $68.00 and gave the stock an "outperform" rating in a 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 report on Wednesday, October 23rd.
Get Our Latest Research Report on EFSC
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.
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