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

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Enterprise Financial Services Corporation by 209.8% during the first quarter, owning a total of 14,436 shares valued at approximately $776,000.
• Enterprise Financial Services recently raised its quarterly dividend to $0.31 per share, reflecting a 2.0% yield and a recent increase from the previous $0.30 dividend.
• Investment analysts have upgraded the stock to a "hold" rating, with an average target price of $64.33, indicating positive sentiment among financial analysts.

Cubist Systematic Strategies LLC lifted its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 209.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EFSC. Wealth Enhancement Advisory Services LLC grew its stake 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 valued at $411,000 after buying an additional 302 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Enterprise Financial Services by 53.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,232 shares of the bank's stock valued at $334,000 after acquiring an additional 2,182 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Enterprise Financial Services during the first quarter valued at about $287,000. KBC Group NV bought a new stake in Enterprise Financial Services during the first quarter worth about $117,000. Finally, Jackson Creek Investment Advisors LLC bought a new position in Enterprise Financial Services during the first quarter valued at approximately $1,427,000. Institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Price Performance

NASDAQ:EFSC traded down $0.86 during trading hours on Monday, reaching $59.67. 127,944 shares of the company were exchanged, compared to its average volume of 139,522. The stock's 50-day moving average is $58.08 and its 200-day moving average is $54.87. The firm has a market cap of $2.21 billion, a PE ratio of 11.32 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. Enterprise Financial Services Corporation has a twelve month low of $45.22 and a twelve month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The bank reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.17. The firm had revenue of $176.05 million during the quarter, compared to analyst estimates of $166.82 million. Enterprise Financial Services had a net margin of 21.28% and a return on equity of 11.19%. On average, sell-side analysts anticipate that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.31 dividend. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.30. The ex-dividend date is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a yield of 2.1%. Enterprise Financial Services's payout ratio is 22.77%.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, CEO James Brian Lally sold 1,828 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $55.16, for a total value of $100,832.48. Following the completion of the transaction, the chief executive officer owned 100,885 shares in the company, valued at $5,564,816.60. This represents a 1.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael E. Finn bought 1,500 shares of Enterprise Financial Services stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of $54.11 per share, with a total value of $81,165.00. Following the completion of the purchase, the director owned 3,000 shares in the company, valued at approximately $162,330. The trade was 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.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Enterprise Financial Services from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $64.33.

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.