Squarepoint Ops LLC Invests $1.45 Million in Enterprise Financial Services Corporation $EFSC

Key Points

• Squarepoint Ops LLC acquired 22,046 shares of Enterprise Financial Services in the second quarter, valued at approximately $1.45 million. Institutional investors collectively own 72.21% of the company.
• Enterprise Financial Services reported quarterly EPS of $1.13, missing analysts’ $1.33 estimate, while revenue of $187.37 million was slightly below expectations.
• The company raised its quarterly dividend to $0.35 per share, equivalent to an annualized $1.40 dividend and a 2.3% yield. Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average $70 price target.

Squarepoint Ops LLC purchased a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,046 shares of the bank's stock, valued at approximately $1,452,000. Squarepoint Ops LLC owned 0.06% of Enterprise Financial Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Nykredit A S purchased a new position in Enterprise Financial Services during the 2nd quarter worth $39,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Enterprise Financial Services in the 2nd quarter worth $60,000. Fifth Third Bancorp bought a new position in shares of Enterprise Financial Services during the 1st quarter worth $109,000. Sanctuary Advisors LLC bought a new position in shares of Enterprise Financial Services during the 2nd quarter worth $231,000. Finally, Quantbot Technologies LP purchased a new position in shares of Enterprise Financial Services during the second quarter valued at $291,000. Institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Price Performance

Shares of EFSC stock opened at $62.05 on Thursday. The stock's 50-day moving average is $65.16 and its 200 day moving average is $61.21. Enterprise Financial Services Corporation has a 1-year low of $51.18 and a 1-year high of $68.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $2.25 billion, a P/E ratio of 12.34 and a beta of 0.78.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.20). Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. The firm had revenue of $187.37 million for the quarter, compared to analysts' expectations of $189.15 million. Research analysts predict that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. Enterprise Financial Services's dividend payout ratio is currently 27.83%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Enterprise Financial Services from $70.00 to $72.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Wall Street Zen raised shares of Enterprise Financial Services from a "sell" rating to a "hold" rating in a research report on Saturday, September 5th. Piper Sandler boosted their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, July 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Finally, Raymond James Financial increased their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Enterprise Financial Services currently has an average rating of "Moderate Buy" and an average price target of $70.00.

Enterprise Financial Services Profile

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Through its principal subsidiary, Enterprise Bank & Trust, the company provides banking and wealth management services to businesses, professionals, individuals and families.

Enterprise Bank & Trust offers commercial and personal deposit accounts, loans, lines of credit, treasury management, cash management, online banking and other financial services. Its commercial banking activities include lending to operating companies, commercial real estate borrowers and small businesses, while its wealth management business provides investment management, trust, financial planning and related services.

Founded in 1990, the company serves clients through banking and wealth management operations in Missouri, Kansas, Arizona and New Mexico.

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