Jane Street Group LLC Sells 12,941 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Jane Street Group LLC lessened its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 30.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,905 shares of the bank’s stock after selling 12,941 shares during the period. Jane Street Group LLC owned about 0.08% of Enterprise Financial Services worth $1,687,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in Enterprise Financial Services by 437.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,223 shares of the bank’s stock worth $1,310,000 after purchasing an additional 18,902 shares in the last quarter. Vanguard Group Inc. raised its position in Enterprise Financial Services by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 2,089,008 shares of the bank’s stock worth $117,820,000 after purchasing an additional 13,724 shares in the last quarter. Fisher Asset Management LLC raised its position in Enterprise Financial Services by 37.0% in the fourth quarter. Fisher Asset Management LLC now owns 74,195 shares of the bank’s stock worth $4,185,000 after purchasing an additional 20,033 shares in the last quarter. JPMorgan Chase & Co. raised its position in Enterprise Financial Services by 1.3% in the fourth quarter. JPMorgan Chase & Co. now owns 565,314 shares of the bank’s stock worth $31,884,000 after purchasing an additional 7,439 shares in the last quarter. Finally, Barclays PLC raised its position in Enterprise Financial Services by 73.3% in the third quarter. Barclays PLC now owns 83,910 shares of the bank’s stock worth $4,302,000 after purchasing an additional 35,484 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Insider Activity at Enterprise Financial Services

In related news, CEO James Brian Lally sold 4,689 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $55.18, for a total value of $258,739.02. Following the completion of the sale, the chief executive officer now owns 106,974 shares of the company’s stock, valued at $5,902,825.32. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James M. Havel sold 5,525 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $58.47, for a total transaction of $323,046.75. Following the completion of the sale, the director now directly owns 15,447 shares of the company’s stock, valued at approximately $903,186.09. This represents a 26.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,614 shares of company stock valued at $603,790 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on EFSC shares. Keefe, Bruyette & Woods dropped their price target on shares of Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. DA Davidson dropped their price objective on shares of Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, April 30th.

Enterprise Financial Services Stock Performance

NASDAQ EFSC opened at $54.38 on Friday. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 11.24 and a beta of 0.85. The company has a 50 day moving average of $52.17 and a 200-day moving average of $56.14. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a 1-year low of $37.28 and a 1-year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.14. The company had revenue of $18.48 million during the quarter, compared to analyst estimates of $162.83 million. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. On average, equities analysts forecast that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.30 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.21%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.29. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 23.53%.

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.