Renaissance Technologies LLC Invests $1.07 Million in Enterprise Financial Services Corp (NASDAQ:EFSC)

Renaissance Technologies LLC purchased a new stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,004 shares of the bank's stock, valued at approximately $1,072,000. Renaissance Technologies LLC owned approximately 0.05% of Enterprise Financial Services as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. PL Capital Advisors LLC lifted its holdings in Enterprise Financial Services by 5,540.0% during the fourth quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank's stock valued at $2,238,852,000 after purchasing an additional 38,992,127 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Enterprise Financial Services during the 4th quarter worth about $7,556,000. Jennison Associates LLC lifted its stake in Enterprise Financial Services by 28.3% in the 4th quarter. Jennison Associates LLC now owns 566,780 shares of the bank's stock valued at $31,966,000 after buying an additional 125,150 shares in the last quarter. American Century Companies Inc. boosted its holdings in Enterprise Financial Services by 12.9% in the 4th quarter. American Century Companies Inc. now owns 847,939 shares of the bank's stock worth $47,824,000 after buying an additional 96,822 shares during the last quarter. Finally, Denali Advisors LLC increased its stake in Enterprise Financial Services by 102.7% during the 4th quarter. Denali Advisors LLC now owns 121,992 shares of the bank's stock worth $6,880,000 after buying an additional 61,806 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Enterprise Financial Services Price Performance

Shares of EFSC stock traded down $0.39 during trading hours on Tuesday, reaching $52.58. The company had a trading volume of 99,510 shares, compared to its average volume of 176,819. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.86 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a fifty day moving average of $52.59 and a 200-day moving average of $56.06.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly 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 firm had revenue of $18.48 million for the quarter, compared to analyst estimates of $162.83 million. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. On average, equities 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. Stockholders of record on Monday, June 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 16th. 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 2.28%. Enterprise Financial Services's dividend payout ratio is currently 23.53%.

Insider Buying and Selling

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction dated Friday, February 28th. The shares were 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 in the company, valued at $903,186.09. This trade represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target 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. DA Davidson lowered their target price on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th.

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.