Cubist Systematic Strategies LLC Sells 12,414 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Cubist Systematic Strategies LLC reduced its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 72.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,660 shares of the bank's stock after selling 12,414 shares during the period. Cubist Systematic Strategies LLC's holdings in Enterprise Financial Services were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Enterprise Financial Services by 5.7% during the 4th quarter. US Bancorp DE now owns 4,095 shares of the bank's stock worth $231,000 after purchasing an additional 222 shares during the period. Summit Investment Advisors Inc. lifted its holdings in Enterprise Financial Services by 7.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank's stock valued at $218,000 after buying an additional 265 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Enterprise Financial Services by 1.1% during the 4th quarter. Prudential Financial Inc. now owns 27,696 shares of the bank's stock valued at $1,629,000 after buying an additional 293 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Enterprise Financial Services by 1.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank's stock valued at $1,762,000 after buying an additional 297 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in Enterprise Financial Services by 7.5% during the 4th quarter. XTX Topco Ltd now owns 5,714 shares of the bank's stock valued at $322,000 after buying an additional 399 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Enterprise Financial Services Stock Down 0.2%

Shares of NASDAQ:EFSC traded down $0.12 during trading hours on Friday, hitting $52.58. The company's stock had a trading volume of 119,259 shares, compared to its average volume of 181,091. Enterprise Financial Services Corp has a 52 week low of $37.28 and a 52 week high of $63.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.86 and a beta of 0.85. The firm's fifty day moving average price is $51.95 and its 200 day moving average price is $56.14.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The bank reported $1.31 EPS for the quarter, beating the consensus estimate of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. The business had revenue of $18.48 million during the quarter, compared to analyst estimates of $162.83 million. As a group, research analysts expect that Enterprise Financial Services Corp will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 annualized dividend and a dividend yield of 2.28%. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.29. Enterprise Financial Services's payout ratio is currently 23.53%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EFSC. DA Davidson decreased 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. Keefe, Bruyette & Woods decreased their price objective on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th.

Insider Activity

In related news, CEO James Brian Lally sold 4,689 shares of the business'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 transaction of $258,739.02. Following the completion of the transaction, the chief executive officer now owns 106,974 shares in the company, valued at $5,902,825.32. The trade was a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James M. Havel sold 5,525 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the transaction, the director now owns 15,447 shares of the company's stock, valued at approximately $903,186.09. This trade represents a 26.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,614 shares of company stock worth $603,790. 2.30% of the stock is currently owned by corporate 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.