Two Sigma Advisers LP Cuts Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Two Sigma Advisers LP lessened its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 78.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,390 shares of the bank's stock after selling 20,200 shares during the quarter. Two Sigma Advisers LP's holdings in Enterprise Financial Services were worth $304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PL Capital Advisors LLC lifted its holdings in Enterprise Financial Services by 5,540.0% during the 4th quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank's stock worth $2,238,852,000 after purchasing an additional 38,992,127 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Enterprise Financial Services in the fourth quarter worth about $7,556,000. Nuveen Asset Management LLC lifted 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 in the last quarter. American Century Companies Inc. boosted its position in shares of Enterprise Financial Services by 12.9% in the fourth quarter. American Century Companies Inc. now owns 847,939 shares of the bank's stock valued at $47,824,000 after acquiring an additional 96,822 shares during the period. Finally, Denali Advisors LLC grew its stake in Enterprise Financial Services by 102.7% during the fourth quarter. Denali Advisors LLC now owns 121,992 shares of the bank's stock valued at $6,880,000 after acquiring an additional 61,806 shares in the last quarter. Institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Price Performance

Enterprise Financial Services stock traded up $0.68 during mid-day trading on Monday, hitting $53.56. 150,777 shares of the company traded hands, compared to its average volume of 182,454. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. Enterprise Financial Services Corp has a one year low of $37.31 and a one year high of $63.13. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 11.07 and a beta of 0.86. The stock has a fifty day moving average price of $51.46 and a 200-day moving average price of $55.64.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. The company had revenue of $18.48 million during the quarter, compared to the consensus estimate of $162.83 million. On average, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.30 dividend. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, June 16th. Enterprise Financial Services's dividend payout ratio is presently 23.53%.

Analysts Set New Price Targets

Several brokerages have commented on EFSC. DA Davidson cut their price target 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. Wall Street Zen lowered Enterprise Financial Services from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods decreased their target price on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th.

Insider Activity

In other Enterprise Financial Services news, CEO James Brian Lally sold 4,689 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 106,974 shares in the company, valued at approximately $5,902,825.32. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael E. Finn bought 1,500 shares of the company's stock in a transaction dated Friday, June 6th. The shares were acquired at an average price of $52.50 per share, for a total transaction of $78,750.00. Following the acquisition, the director now owns 1,500 shares in the company, valued at approximately $78,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company's stock.

Enterprise Financial Services 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.