Point72 Asset Management L.P. Increases Stake in Enterprise Financial Services Corp (NASDAQ:EFSC)

Point72 Asset Management L.P. increased its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 61.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,391 shares of the bank’s stock after buying an additional 3,591 shares during the period. Point72 Asset Management L.P.’s holdings in Enterprise Financial Services were worth $384,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EFSC. Rafferty Asset Management LLC grew its holdings in Enterprise Financial Services by 25.8% during the 4th quarter. Rafferty Asset Management LLC now owns 33,070 shares of the bank’s stock worth $1,477,000 after acquiring an additional 6,779 shares in the last quarter. Cullen Capital Management LLC purchased a new stake in shares of Enterprise Financial Services during the 4th quarter worth $379,000. LM Advisors LLC purchased a new position in Enterprise Financial Services in the fourth quarter valued at $484,000. BHZ Capital Management LP acquired a new stake in Enterprise Financial Services in the fourth quarter valued at $692,000. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Enterprise Financial Services by 31.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 44,155 shares of the bank’s stock worth $1,972,000 after buying an additional 10,545 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler increased their target price on shares of Enterprise Financial Services from $45.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th.

Insider Activity at Enterprise Financial Services

In related news, Director Richard Sanborn sold 94,815 shares of Enterprise Financial Services stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $53.73, for a total value of $5,094,409.95. Following the transaction, the director now directly owns 139,460 shares in the company, valued at $7,493,185.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.

Enterprise Financial Services Trading Up 1.5 %

NASDAQ:EFSC opened at $49.94 on Friday. The company has a market capitalization of $1.87 billion, a PE ratio of 10.69 and a beta of 0.97. Enterprise Financial Services Corp has a 52-week low of $32.97 and a 52-week high of $54.88. The stock’s 50 day moving average price is $50.80 and its 200 day moving average price is $43.78. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, July 22nd. The bank reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. The business had revenue of $156.02 million for the quarter, compared to analysts’ expectations of $153.41 million. Enterprise Financial Services had a net margin of 19.61% and a return on equity of 10.95%. On average, research analysts anticipate that Enterprise Financial Services Corp will post 4.6 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.16%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.26. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 23.13%.

Enterprise Financial Services Company 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.