Alpha DNA Investment Management LLC Takes $403,000 Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Alpha DNA Investment Management LLC bought a new stake in Enterprise Financial Services Corp (NASDAQ:EFSC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,858 shares of the bank’s stock, valued at approximately $403,000.

Other institutional investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new stake in shares of Enterprise Financial Services during the second quarter worth $29,000. Innealta Capital LLC bought a new position in Enterprise Financial Services during the second quarter worth about $31,000. Advisors Asset Management Inc. lifted its holdings in Enterprise Financial Services by 169.7% during 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. US Bancorp DE lifted its holdings in Enterprise Financial Services by 46.2% during the third quarter. US Bancorp DE now owns 3,873 shares of the bank’s stock worth $199,000 after acquiring an additional 1,223 shares in the last quarter. Finally, Meritage Portfolio Management bought a new position in Enterprise Financial Services during the third quarter worth about $209,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Richard Sanborn sold 100,000 shares of the 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 sale, the director now owns 40,950 shares of the company’s stock, valued at $2,438,982. This represents a 70.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their target price on 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 Stock Performance

EFSC opened at $60.74 on Monday. The business’s 50-day simple moving average is $53.63 and its 200 day simple moving average is $47.81. The firm has a market capitalization of $2.26 billion, a PE ratio of 12.87 and a beta of 0.96. 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 Corp has a 52-week low of $36.73 and a 52-week high of $61.68.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15. The firm had revenue of $164.89 million for 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, sell-side analysts expect that Enterprise Financial Services Corp will post 4.77 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.28 dividend. 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 dividend yield of 1.84%. Enterprise Financial Services’s dividend payout ratio is presently 22.88%.

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.