Jane Street Group LLC Has $1.69 Million Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Jane Street Group LLC lessened its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 30.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,905 shares of the bank's stock after selling 12,941 shares during the quarter. Jane Street Group LLC owned 0.08% of Enterprise Financial Services worth $1,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of EFSC. New York State Teachers Retirement System bought a new position in shares of Enterprise Financial Services during the 4th quarter worth approximately $191,000. HighTower Advisors LLC bought a new position in shares of Enterprise Financial Services during the 4th quarter worth approximately $212,000. Summit Investment Advisors Inc. lifted its position in shares of Enterprise Financial Services by 7.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank's stock worth $218,000 after buying an additional 265 shares during the period. US Bancorp DE lifted its position 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 buying an additional 222 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of Enterprise Financial Services by 7.5% during the 4th quarter. XTX Topco Ltd now owns 5,714 shares of the bank's stock worth $322,000 after buying an additional 399 shares during the period. Institutional investors own 72.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EFSC shares. DA Davidson cut their target price on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. 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 report on Wednesday, April 30th.

Insider Activity at Enterprise Financial Services

In related news, Director James M. Havel sold 5,525 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 15,447 shares of the company's stock, valued at $903,186.09. This trade represents a 26.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James Brian Lally sold 4,689 shares of Enterprise Financial Services stock in a transaction on Monday, May 12th. The shares were sold at an average price of $55.18, for a total value of $258,739.02. Following the completion of the sale, the chief executive officer now directly owns 106,974 shares of the company's stock, valued at $5,902,825.32. This trade represents a 4.20% 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 three months. Corporate insiders own 2.30% of the company's stock.

Enterprise Financial Services Price Performance

EFSC stock traded down $0.12 during midday trading on Friday, reaching $52.58. 119,259 shares of the company's stock traded hands, compared to its average volume of 181,091. The company has a 50-day simple moving average of $51.95 and a two-hundred day simple moving average of $56.14. Enterprise Financial Services Corp has a 1-year low of $37.28 and a 1-year high of $63.13. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 10.86 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 (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $18.48 million during the quarter, compared to analysts' expectations of $162.83 million. On average, analysts anticipate that Enterprise Financial Services Corp will post 4.97 earnings per share 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. Investors of record on Monday, June 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.28%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.29. The ex-dividend date is Monday, June 16th. Enterprise Financial Services's dividend payout ratio (DPR) is currently 23.53%.

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.