SG Americas Securities LLC Acquires Shares of 10,187 Enterprise Financial Services Corp (NASDAQ:EFSC)

SG Americas Securities LLC bought a new stake in Enterprise Financial Services Corp (NASDAQ:EFSC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,187 shares of the bank’s stock, valued at approximately $522,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky boosted its holdings in Enterprise Financial Services by 31.4% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 44,155 shares of the bank’s stock valued at $1,972,000 after purchasing an additional 10,545 shares during the period. Virtu Financial LLC bought a new stake in shares of Enterprise Financial Services during the 4th quarter valued at $216,000. Wellington Management Group LLP lifted its position in Enterprise Financial Services by 7.0% during the fourth quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank’s stock worth $102,472,000 after purchasing an additional 150,023 shares during the period. Vanguard Group Inc. increased its holdings in Enterprise Financial Services by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank’s stock valued at $89,070,000 after buying an additional 48,583 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Enterprise Financial Services by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock valued at $178,000 after buying an additional 370 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock opened at $52.19 on Wednesday. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 11.18 and a beta of 0.97. Enterprise Financial Services Corp has a twelve month low of $32.97 and a twelve month high of $54.88. The company’s fifty day moving average is $50.62 and its 200 day moving average is $44.44. 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 issued its quarterly earnings results on Monday, July 22nd. The bank reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.15. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%. The company had revenue of $156.02 million during the quarter, compared to analysts’ expectations of $153.41 million. Sell-side analysts forecast that Enterprise Financial Services Corp will post 4.58 EPS for the current year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.27 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Monday, September 16th. Enterprise Financial Services’s dividend payout ratio is currently 23.13%.

Insider Transactions at Enterprise Financial Services

In related news, Director Richard Sanborn sold 94,815 shares of the business’s 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 owns 139,460 shares in the company, valued at $7,493,185.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

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.