SG Americas Securities LLC Sells 4,534 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

SG Americas Securities LLC decreased its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC – Get Rating) by 59.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,110 shares of the bank’s stock after selling 4,534 shares during the quarter. SG Americas Securities LLC’s holdings in Enterprise Financial Services were worth $152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EFSC. Western Financial Corp CA acquired a new position in shares of Enterprise Financial Services in the fourth quarter valued at approximately $34,779,000. Mesirow Institutional Investment Management Inc. acquired a new stake in Enterprise Financial Services during the 3rd quarter valued at approximately $7,419,000. Goldman Sachs Group Inc. increased its position in Enterprise Financial Services by 216.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 223,548 shares of the bank’s stock valued at $9,277,000 after purchasing an additional 152,937 shares during the period. Ziegler Capital Management LLC acquired a new stake in Enterprise Financial Services during the 4th quarter valued at approximately $5,431,000. Finally, Jennison Associates LLC increased its position in Enterprise Financial Services by 7.5% during the 3rd quarter. Jennison Associates LLC now owns 1,084,401 shares of the bank’s stock valued at $47,757,000 after purchasing an additional 75,668 shares during the period. Institutional investors own 68.87% of the company’s stock.

Insider Activity

In other news, Director Lyne Andrich acquired 1,840 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The stock was bought at an average price of $54.35 per share, with a total value of $100,004.00. Following the acquisition, the director now owns 2,302 shares in the company, valued at approximately $125,113.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC opened at $38.11 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $44.26 and its two-hundred day simple moving average is $49.05. Enterprise Financial Services Corp has a 1-year low of $36.16 and a 1-year high of $56.35. The stock has a market cap of $1.42 billion, a PE ratio of 6.87 and a beta of 1.12.

Enterprise Financial Services (NASDAQ:EFSC – Get Rating) last announced its earnings results on Tuesday, April 25th. The bank reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.09. Enterprise Financial Services had a return on equity of 14.73% and a net margin of 33.24%. The firm had revenue of $185.93 million during the quarter, compared to analyst estimates of $154.13 million. During the same period last year, the firm posted $1.23 EPS. As a group, analysts forecast that Enterprise Financial Services Corp will post 5.37 EPS for the current fiscal year.

Enterprise Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Wednesday, June 14th. Enterprise Financial Services’s dividend payout ratio is presently 18.02%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EFSC shares. StockNews.com started coverage on shares of Enterprise Financial Services in a research report on Thursday, March 16th. They set a “hold” rating for the company. Piper Sandler cut their price target on Enterprise Financial Services from $54.00 to $48.00 in a report on Wednesday, April 26th. Finally, Raymond James cut their price target on Enterprise Financial Services from $52.00 to $50.00 in a report on Wednesday, April 26th.

About Enterprise Financial Services

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Enterprise Financial Services Corp. operates as a financial holding company. The firm engages in the provision of business and personal banking services and wealth management services. It also offers lending services which include commercial and industrial commercial real estate, real estate construction and development, residential real estate and consumer loans.