Citadel Advisors LLC Invests $363,000 in Enterprise Financial Services Corporation (EFSC) Stock

Citadel Advisors LLC acquired a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,892 shares of the bank’s stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EFSC. US Bancorp DE purchased a new position in Enterprise Financial Services Corporation in the 1st quarter valued at approximately $171,000. Legal & General Group Plc increased its stake in Enterprise Financial Services Corporation by 4.5% in the 1st quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock valued at $215,000 after purchasing an additional 219 shares in the last quarter. Citigroup Inc. increased its stake in Enterprise Financial Services Corporation by 272.4% in the 2nd quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock valued at $227,000 after purchasing an additional 4,064 shares in the last quarter. Brookstone Capital Management purchased a new position in Enterprise Financial Services Corporation in the 2nd quarter valued at approximately $228,000. Finally, Laurion Capital Management LP purchased a new position in Enterprise Financial Services Corporation in the 2nd quarter valued at approximately $319,000. 72.86% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts recently weighed in on EFSC shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Enterprise Financial Services Corporation in a research note on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Enterprise Financial Services Corporation in a research note on Tuesday, October 3rd. Zacks Investment Research raised Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, BidaskClub downgraded Enterprise Financial Services Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $43.00.

Enterprise Financial Services Corporation (NASDAQ EFSC) opened at 43.35 on Wednesday. The firm’s 50-day moving average price is $39.95 and its 200 day moving average price is $40.73. The stock has a market cap of $1.02 billion, a P/E ratio of 18.86 and a beta of 0.86. Enterprise Financial Services Corporation has a 52-week low of $31.65 and a 52-week high of $46.25.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, July 24th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.06). The company had revenue of $53.57 million during the quarter, compared to the consensus estimate of $51.91 million. Enterprise Financial Services Corporation had a net margin of 24.54% and a return on equity of 11.18%. Equities analysts predict that Enterprise Financial Services Corporation will post $2.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.01%. Enterprise Financial Services Corporation’s dividend payout ratio is currently 18.97%.

In related news, Director Michael Holmes purchased 2,556 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $38.74 per share, with a total value of $99,019.44. Following the completion of the acquisition, the director now owns 2,716 shares of the company’s stock, valued at $105,217.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas Bauche sold 1,200 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $38.11, for a total value of $45,732.00. Following the completion of the transaction, the insider now directly owns 1,639 shares in the company, valued at approximately $62,462.29. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Enterprise Financial Services Corporation Profile

Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.

Institutional Ownership by Quarter for Enterprise Financial Services Corporation (NASDAQ:EFSC)

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