Innealta Capital LLC Takes $31,000 Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Innealta Capital LLC purchased a new stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 769 shares of the bank’s stock, valued at approximately $31,000.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Enterprise Financial Services by 7.0% during the 4th quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank’s stock valued at $102,472,000 after purchasing an additional 150,023 shares during the last quarter. Vanguard Group Inc. grew its position in Enterprise Financial Services by 1.3% during the first 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. Dimensional Fund Advisors LP increased its holdings in Enterprise Financial Services by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank’s stock worth $85,387,000 after buying an additional 99,703 shares during the last quarter. Jennison Associates LLC raised its position in Enterprise Financial Services by 11.6% in the first quarter. Jennison Associates LLC now owns 459,161 shares of the bank’s stock worth $18,624,000 after acquiring an additional 47,905 shares during the period. Finally, Enterprise Financial Services Corp boosted its stake in Enterprise Financial Services by 16.8% in the fourth quarter. Enterprise Financial Services Corp now owns 404,058 shares of the bank’s stock valued at $18,041,000 after acquiring an additional 58,027 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Richard Sanborn sold 94,815 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the sale, the director now directly owns 139,460 shares in the company, valued at approximately $7,493,185.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their target price on shares of Enterprise Financial Services from $45.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th.

Enterprise Financial Services Stock Up 0.2 %

EFSC stock opened at $52.91 on Friday. The stock has a fifty day moving average of $47.11 and a 200-day moving average of $41.91. Enterprise Financial Services Corp has a fifty-two week low of $32.97 and a fifty-two week high of $54.88. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 11.33 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, July 22nd. The bank reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.15. Enterprise Financial Services had a net margin of 19.61% and a return on equity of 10.95%. The firm had revenue of $156.02 million during the quarter, compared to the consensus estimate of $153.41 million. As a group, equities research analysts predict that Enterprise Financial Services Corp will post 4.6 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.27 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, September 16th. This represents a $1.08 dividend on an annualized basis and a yield of 2.04%. Enterprise Financial Services’s payout ratio is presently 23.13%.

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.