Trexquant Investment LP Takes Position in Enterprise Financial Services Corporation $EFSC

Key Points

• Trexquant Investment LP has acquired a new stake in Enterprise Financial Services Corporation, purchasing 29,742 shares valued at approximately $1,598,000.
• Enterprise Financial Services recently reported an EPS of $1.37 for the quarter, exceeding the consensus estimate of $1.20.
• The company announced a quarterly dividend of $0.31 per share, reflecting an increase from the previous $0.30, with a payout ratio of 23.53%.

Trexquant Investment LP acquired a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,742 shares of the bank's stock, valued at approximately $1,598,000. Trexquant Investment LP owned about 0.08% of Enterprise Financial Services at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EFSC. Nuveen LLC bought a new stake in shares of Enterprise Financial Services in the 1st quarter valued at approximately $22,901,000. Vanguard Group Inc. raised its holdings in shares of Enterprise Financial Services by 10.8% in the first quarter. Vanguard Group Inc. now owns 2,314,377 shares of the bank's stock worth $124,375,000 after buying an additional 225,369 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Enterprise Financial Services by 33.5% in the fourth quarter. Nuveen Asset Management LLC now owns 430,662 shares of the bank's stock worth $24,289,000 after buying an additional 107,996 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Enterprise Financial Services in the first quarter worth approximately $4,771,000. Finally, American Century Companies Inc. raised its holdings in shares of Enterprise Financial Services by 7.5% in the first quarter. American Century Companies Inc. now owns 911,911 shares of the bank's stock worth $49,006,000 after buying an additional 63,972 shares during the period. 72.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, CEO James Brian Lally sold 1,828 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $55.16, for a total transaction of $100,832.48. Following the transaction, the chief executive officer directly owned 100,885 shares in the company, valued at $5,564,816.60. This trade represents a 1.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael E. Finn purchased 1,500 shares of the business's stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $54.11 per share, for a total transaction of $81,165.00. Following the completion of the acquisition, the director directly owned 3,000 shares in the company, valued at approximately $162,330. This trade represents a 100.00% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Enterprise Financial Services from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $64.33.

Enterprise Financial Services Trading Down 0.8%

EFSC opened at $60.67 on Friday. The stock's fifty day moving average is $57.57 and its two-hundred day moving average is $54.86. The company has a market capitalization of $2.24 billion, a P/E ratio of 11.51 and a beta of 0.92. Enterprise Financial Services Corporation has a 52 week low of $45.22 and a 52 week high of $63.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.36.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.20 by $0.17. The company had revenue of $176.05 million for the quarter, compared to the consensus estimate of $166.82 million. Enterprise Financial Services had a return on equity of 11.19% and a net margin of 21.28%. Analysts forecast that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, September 15th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.30. Enterprise Financial Services's dividend payout ratio (DPR) is 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.

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