Integrated Investment Consultants LLC Sells 346 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Integrated Investment Consultants LLC decreased its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 3.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,597 shares of the bank’s stock after selling 346 shares during the period. Integrated Investment Consultants LLC’s holdings in Enterprise Financial Services were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EFSC. Foundry Partners LLC increased its position in Enterprise Financial Services by 1,856.8% during the 3rd quarter. Foundry Partners LLC now owns 130,869 shares of the bank’s stock worth $6,708,000 after purchasing an additional 124,181 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Enterprise Financial Services during the third quarter valued at about $297,000. Advisors Asset Management Inc. boosted its holdings in Enterprise Financial Services by 169.7% in the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock worth $177,000 after acquiring an additional 2,172 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Enterprise Financial Services in the third quarter valued at $221,000. Finally, Empowered Funds LLC lifted its holdings in shares of Enterprise Financial Services by 21.0% in the third quarter. Empowered Funds LLC now owns 117,328 shares of the bank’s stock valued at $6,014,000 after purchasing an additional 20,398 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC opened at $59.94 on Friday. The company has a market capitalization of $2.23 billion, a PE ratio of 12.70 and a beta of 0.96. 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 business has a fifty day moving average price of $53.44 and a 200-day moving average price of $47.55. Enterprise Financial Services Corp has a 1-year low of $36.73 and a 1-year high of $61.68.

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

Enterprise Financial Services Increases Dividend

The firm 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. The ex-dividend date is Monday, December 16th. This represents a $1.12 annualized dividend and a yield of 1.87%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.27. Enterprise Financial Services’s dividend payout ratio (DPR) is 22.88%.

Insider Transactions at Enterprise Financial Services

In other news, Director Richard Sanborn sold 100,000 shares of the business’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 transaction of $5,956,000.00. Following the transaction, the director now owns 40,950 shares of the company’s stock, valued at approximately $2,438,982. The trade was a 70.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.

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.