Cubist Systematic Strategies LLC Sells 40,594 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Cubist Systematic Strategies LLC trimmed its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 73.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,415 shares of the bank’s stock after selling 40,594 shares during the period. Cubist Systematic Strategies LLC’s holdings in Enterprise Financial Services were worth $590,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Enterprise Financial Services in the second quarter worth approximately $29,000. Innealta Capital LLC bought a new position in Enterprise Financial Services in the 2nd quarter valued at $31,000. EntryPoint Capital LLC grew its position in Enterprise Financial Services by 87.4% in the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock valued at $159,000 after acquiring an additional 1,831 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Enterprise Financial Services by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock worth $178,000 after purchasing an additional 370 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Enterprise Financial Services during the first quarter worth $178,000. Institutional investors own 72.21% of the company’s stock.

Insider Transactions at Enterprise Financial Services

In related news, Director Richard Sanborn sold 94,815 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 139,460 shares of the company’s stock, valued at $7,493,185.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Enterprise Financial Services Trading Up 0.4 %

EFSC opened at $49.19 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average is $50.88 and its two-hundred day moving average is $43.74. The company has a market capitalization of $1.84 billion, a P/E ratio of 10.53 and a beta of 0.98. Enterprise Financial Services Corp has a 52 week low of $32.97 and a 52 week high of $54.88.

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

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.27 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.08 annualized dividend and a dividend yield of 2.20%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.26. Enterprise Financial Services’s payout ratio is currently 23.13%.

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.