Cubist Systematic Strategies LLC Reduces Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Cubist Systematic Strategies LLC lowered its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 72.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and 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 and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EFSC. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Enterprise Financial Services by 437.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,223 shares of the bank's stock worth $1,310,000 after acquiring an additional 18,902 shares in the last quarter. Vanguard Group Inc. raised its holdings in Enterprise Financial Services by 0.7% during 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 during the last quarter. Fisher Asset Management LLC boosted its position in Enterprise Financial Services by 37.0% during 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. grew its holdings in Enterprise Financial Services by 1.3% in the fourth quarter. JPMorgan Chase & Co. now owns 565,314 shares of the bank's stock valued at $31,884,000 after purchasing an additional 7,439 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Enterprise Financial Services by 73.3% in the third quarter. Barclays PLC now owns 83,910 shares of the bank's stock valued at $4,302,000 after buying an additional 35,484 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Trading Down 2.5%

Shares of EFSC stock traded down $1.34 during mid-day trading on Wednesday, hitting $53.10. 137,721 shares of the company's stock were exchanged, compared to its average volume of 180,617. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 10.97 and a beta of 0.85. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two week high of $63.13. The stock has a 50-day simple moving average of $52.16 and a two-hundred day simple moving average of $56.16.

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 return on equity of 10.94% and a net margin of 20.12%. The company had revenue of $18.48 million during the quarter, compared to analysts' expectations of $162.83 million. Equities analysts expect that Enterprise Financial Services Corp will post 4.97 EPS 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. Shareholders of record on Monday, June 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, June 16th. 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 23.53%.

Insider Activity

In related news, CEO James Brian Lally sold 4,689 shares of the 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 sale, the chief executive officer now owns 106,974 shares of the company's stock, valued at approximately $5,902,825.32. This represents a 4.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the director now owns 15,447 shares of the company's stock, valued at approximately $903,186.09. This represents a 26.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,614 shares of company stock valued at $603,790 in the last ninety days. Company insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EFSC shares. Keefe, Bruyette & Woods dropped their price target on 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 decreased their price target on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th.

Enterprise Financial Services Company 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.