Cubist Systematic Strategies LLC Acquires 9,776 Shares of Enterprise Financial Services Corporation $EFSC

Cubist Systematic Strategies LLC grew its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 209.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,436 shares of the bank’s stock after purchasing an additional 9,776 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Enterprise Financial Services were worth $776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EFSC. Wealth Enhancement Advisory Services LLC lifted its holdings in Enterprise Financial Services by 4.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,640 shares of the bank’s stock worth $411,000 after buying an additional 302 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Enterprise Financial Services by 53.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,232 shares of the bank’s stock valued at $334,000 after buying an additional 2,182 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Enterprise Financial Services during the first quarter valued at $287,000. KBC Group NV purchased a new position in Enterprise Financial Services during the first quarter valued at $117,000. Finally, Jackson Creek Investment Advisors LLC purchased a new position in Enterprise Financial Services during the first quarter valued at $1,427,000. 72.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Enterprise Financial Services presently has an average rating of “Buy” and an average target price of $64.33.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $60.85 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.88 and a quick ratio of 0.88. Enterprise Financial Services Corporation has a one year low of $45.22 and a one year high of $63.13. The firm has a market capitalization of $2.25 billion, a P/E ratio of 11.55 and a beta of 0.92. The business has a fifty day moving average of $57.79 and a 200 day moving average of $54.83.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, July 28th. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.20 by $0.17. Enterprise Financial Services had a return on equity of 11.19% and a net margin of 21.28%.The company had revenue of $176.05 million during the quarter, compared to analyst estimates of $166.82 million. As a group, sell-side analysts anticipate that Enterprise Financial Services Corporation will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.0%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, September 15th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 22.77%.

Insider Buying and Selling at Enterprise Financial Services

In related news, CEO James Brian Lally sold 1,828 shares of Enterprise Financial Services stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $55.16, for a total transaction of $100,832.48. Following the transaction, the chief executive officer directly owned 100,885 shares in the company, valued at approximately $5,564,816.60. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael E. Finn bought 1,500 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $54.11 per share, for a total transaction of $81,165.00. Following the completion of the transaction, the director directly owned 3,000 shares of the company’s stock, valued at $162,330. This represents a 100.00% increase in their position. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.

Enterprise Financial Services Profile

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.