Enterprise Financial Services Corporation $EFSC Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 123.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,832 shares of the bank's stock after purchasing an additional 36,328 shares during the period. SG Americas Securities LLC owned approximately 0.18% of Enterprise Financial Services worth $3,562,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EFSC. AQR Capital Management LLC increased its position in Enterprise Financial Services by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 58,539 shares of the bank's stock worth $3,146,000 after purchasing an additional 7,419 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Enterprise Financial Services by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank's stock valued at $1,169,000 after buying an additional 698 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Enterprise Financial Services by 10.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank's stock valued at $5,718,000 after buying an additional 9,816 shares during the period. Focus Partners Wealth boosted its stake in shares of Enterprise Financial Services by 25.1% in the first quarter. Focus Partners Wealth now owns 5,398 shares of the bank's stock valued at $290,000 after buying an additional 1,082 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in shares of Enterprise Financial Services by 46.1% in the first quarter. Intech Investment Management LLC now owns 25,082 shares of the bank's stock valued at $1,348,000 after buying an additional 7,909 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on EFSC shares. Keefe, Bruyette & Woods increased their price objective on Enterprise Financial Services from $66.00 to $67.00 and gave the stock an "outperform" rating in a research report on Friday, April 24th. Wall Street Zen raised shares of Enterprise Financial Services from a "sell" rating to a "hold" rating in a research note on Saturday, May 23rd. Piper Sandler upped their price target on shares of Enterprise Financial Services from $64.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, June 18th. Finally, Raymond James Financial initiated coverage on shares of Enterprise Financial Services in a report on Tuesday, April 28th. They issued an "outperform" rating and a $65.00 price target for the company. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $66.75.

Insider Activity at Enterprise Financial Services

In related news, EVP Mark G. Ponder sold 1,250 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total value of $75,687.50. Following the sale, the executive vice president directly owned 23,526 shares of the company's stock, valued at approximately $1,424,499.30. This represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by corporate insiders.

Enterprise Financial Services Stock Performance

NASDAQ EFSC opened at $65.88 on Wednesday. Enterprise Financial Services Corporation has a 1-year low of $51.18 and a 1-year high of $67.53. The company has a market capitalization of $2.41 billion, a P/E ratio of 12.43 and a beta of 0.80. The business has a 50 day moving average price of $60.96 and a 200 day moving average price of $58.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.01. The firm had revenue of $188.85 million during the quarter, compared to analysts' expectations of $174.02 million. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%. Sell-side analysts expect that Enterprise Financial Services Corporation will post 5.57 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.34 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.1%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.33. Enterprise Financial Services's payout ratio is presently 25.66%.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. NASDAQ: EFSC is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.

Want to see what other hedge funds are holding EFSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.