GSA Capital Partners LLP Invests $1.42 Million in Enterprise Financial Services Corp (NASDAQ:EFSC)

GSA Capital Partners LLP bought a new stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,644 shares of the bank’s stock, valued at approximately $1,417,000. GSA Capital Partners LLP owned about 0.07% of Enterprise Financial Services at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in shares of Enterprise Financial Services during the 2nd quarter worth $29,000. Innealta Capital LLC acquired a new position in shares of Enterprise Financial Services in the 2nd quarter valued at $31,000. EntryPoint Capital LLC increased its stake in Enterprise Financial Services by 87.4% in the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock worth $159,000 after purchasing an additional 1,831 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Enterprise Financial Services by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock worth $178,000 after buying an additional 370 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Enterprise Financial Services during the first quarter valued at about $178,000. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Stock Performance

EFSC stock opened at $59.55 on Thursday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 12.62 and a beta of 0.96. The firm has a 50 day moving average of $52.41 and a two-hundred day moving average of $46.76. 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 Corp has a 12 month low of $36.73 and a 12 month high of $61.68.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, October 21st. The bank reported $1.29 EPS 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 firm had revenue of $164.89 million for the quarter, compared to the consensus estimate of $157.56 million. As a group, equities analysts anticipate that Enterprise Financial Services Corp will post 4.77 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.88%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, December 16th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 22.88%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director Richard Sanborn sold 100,000 shares of Enterprise Financial Services stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total value of $5,956,000.00. Following the transaction, the director now owns 40,950 shares of the company’s stock, valued at $2,438,982. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

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.