Jane Street Group LLC Sells 12,941 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

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

Other large investors have also recently bought and sold shares of the company. US Bancorp DE grew its holdings 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 in the last quarter. Summit Investment Advisors Inc. lifted its position in Enterprise Financial Services by 7.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank's stock worth $218,000 after purchasing an additional 265 shares during the period. Prudential Financial Inc. lifted its position in Enterprise Financial Services by 1.1% in the fourth quarter. Prudential Financial Inc. now owns 27,696 shares of the bank's stock worth $1,629,000 after purchasing an additional 293 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Enterprise Financial Services by 1.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank's stock worth $1,762,000 after buying an additional 297 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in Enterprise Financial Services by 7.5% in 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 during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Price Performance

EFSC stock traded down $0.16 during trading on Thursday, hitting $52.94. The company had a trading volume of 32,006 shares, compared to its average volume of 180,346. The company has a fifty day moving average price of $52.10 and a two-hundred day moving average price of $56.14. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two week high of $63.13. The company has a market cap of $1.96 billion, a P/E ratio of 10.94 and a beta of 0.85. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its 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. The company had revenue of $18.48 million for the quarter, compared to the consensus estimate of $162.83 million. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. Equities research analysts expect that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.30 dividend. The ex-dividend date is Monday, June 16th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 2.27%. Enterprise Financial Services's payout ratio is 23.53%.

Analyst Ratings Changes

EFSC has been the subject of a number of analyst reports. DA Davidson reduced 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 cut their price target on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th.

Insiders Place Their Bets

In other news, CEO James Brian Lally sold 4,689 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $55.18, for a total value of $258,739.02. Following the transaction, the chief executive officer now owns 106,974 shares of the company's stock, valued at $5,902,825.32. This represents a 4.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James M. Havel sold 5,525 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $58.47, for a total value of $323,046.75. Following the completion of the sale, the director now owns 15,447 shares of the company's stock, valued at $903,186.09. This represents a 26.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,614 shares of company stock valued at $603,790. 2.30% of the stock is currently owned by insiders.

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.