Jane Street Group LLC Buys 9,345 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Jane Street Group LLC grew its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 27.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 42,846 shares of the bank's stock after acquiring an additional 9,345 shares during the quarter. Jane Street Group LLC owned about 0.12% of Enterprise Financial Services worth $2,196,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EFSC. Wellington Management Group LLP increased its stake in Enterprise Financial Services by 16.6% in the third quarter. Wellington Management Group LLP now owns 3,545,092 shares of the bank's stock valued at $181,721,000 after acquiring an additional 505,552 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Enterprise Financial Services by 6.2% during the third quarter. Stifel Financial Corp now owns 24,615 shares of the bank's stock worth $1,262,000 after buying an additional 1,439 shares in the last quarter. Systematic Financial Management LP acquired a new position in Enterprise Financial Services in the 3rd quarter worth about $181,000. Quarry LP raised its position in Enterprise Financial Services by 2,593.5% in the third quarter. Quarry LP now owns 835 shares of the bank's stock valued at $43,000 after purchasing an additional 804 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new stake in shares of Enterprise Financial Services during the third quarter valued at about $561,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Enterprise Financial Services from $59.00 to $68.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Piper Sandler upped their price target on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd.

Insider Buying and Selling

In related news, Director Richard Sanborn sold 100,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total value of $5,956,000.00. Following the completion of the sale, the director now directly owns 40,950 shares of the company's stock, valued at $2,438,982. The trade was a 70.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is owned by insiders.

Enterprise Financial Services Trading Up 0.5 %

Shares of EFSC traded up $0.30 during mid-day trading on Tuesday, reaching $56.80. 75,061 shares of the company were exchanged, compared to its average volume of 149,795. The business has a 50 day simple moving average of $57.24 and a two-hundred day simple moving average of $50.79. Enterprise Financial Services Corp has a 52 week low of $37.28 and a 52 week high of $63.13. The stock has a market capitalization of $2.11 billion, a PE ratio of 12.03 and a beta of 0.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its earnings results on Monday, October 21st. The bank reported $1.29 EPS for the quarter, topping the consensus estimate of $1.14 by $0.15. The business had revenue of $164.89 million during the quarter, compared to analysts' expectations of $157.56 million. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. On average, analysts predict that Enterprise Financial Services Corp will post 4.77 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.27. Enterprise Financial Services's payout ratio is presently 23.73%.

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.