Enterprise Financial Services Corporation $EFSC Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 123.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,832 shares of the bank’s stock after buying an additional 36,328 shares during the quarter. SG Americas Securities LLC’s holdings in Enterprise Financial Services were worth $3,562,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Planning LLC purchased a new position in Enterprise Financial Services during the fourth quarter worth $310,000. Corient Private Wealth LLC purchased a new stake in shares of Enterprise Financial Services in the fourth quarter valued at $333,000. EP Wealth Advisors LLC acquired a new stake in shares of Enterprise Financial Services during the fourth quarter valued at $302,000. Wellington Management Group LLP increased its position in Enterprise Financial Services by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock worth $159,414,000 after purchasing an additional 329,346 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its position in Enterprise Financial Services by 249.1% during the 4th quarter. Tudor Investment Corp ET AL now owns 72,905 shares of the bank’s stock worth $3,937,000 after purchasing an additional 52,021 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EFSC shares. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Raymond James Financial assumed coverage on shares of Enterprise Financial Services in a report on Tuesday, April 28th. They set an “outperform” rating and a $65.00 price target for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Piper Sandler upped their price objective on shares of Enterprise Financial Services from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.75.

Insider Activity

In related news, EVP Mark G. Ponder sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total value of $75,687.50. Following the completion of the sale, the executive vice president directly owned 23,526 shares in the company, valued at approximately $1,424,499.30. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Enterprise Financial Services Stock Performance

Enterprise Financial Services stock opened at $65.88 on Wednesday. The stock has a fifty day moving average price of $60.96 and a 200 day moving average price of $58.00. Enterprise Financial Services Corporation has a 52 week low of $51.18 and a 52 week high of $67.53. The firm has a market capitalization of $2.41 billion, a P/E ratio of 12.43 and a beta of 0.80. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. The firm had revenue of $188.85 million for the quarter, compared to analyst estimates of $174.02 million. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%. Equities research analysts anticipate that Enterprise Financial Services Corporation will post 5.57 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.34 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, June 15th. Enterprise Financial Services’s dividend payout ratio is 25.66%.

About Enterprise Financial Services

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.