Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 37.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,208 shares of the bank’s stock after purchasing an additional 6,336 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of Enterprise Financial Services worth $1,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. US Bancorp DE increased its stake in shares of Enterprise Financial Services by 5.7% during the fourth quarter. US Bancorp DE now owns 4,095 shares of the bank’s stock worth $231,000 after buying an additional 222 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Enterprise Financial Services by 1.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank’s stock valued at $1,762,000 after purchasing an additional 297 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Enterprise Financial Services by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,141 shares of the bank’s stock valued at $403,000 after purchasing an additional 502 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Enterprise Financial Services during the 4th quarter worth $29,000. Finally, FMR LLC grew its stake in shares of Enterprise Financial Services by 34.2% during the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock worth $131,000 after purchasing an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insider Buying and Selling at Enterprise Financial Services

In related news, Director James M. Havel sold 5,525 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the transaction, the director now owns 15,447 shares of the company’s stock, valued at $903,186.09. This trade represents a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by company insiders.

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC opened at $53.86 on Friday. Enterprise Financial Services Corp has a 12 month low of $37.28 and a 12 month high of $63.13. The firm has a market capitalization of $1.99 billion, a P/E ratio of 11.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The company’s fifty day moving average price is $58.08 and its 200 day moving average price is $56.25.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, January 27th. The bank reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. As a group, sell-side analysts predict that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 14th. Enterprise Financial Services’s payout ratio is presently 23.97%.

Wall Street Analyst Weigh In

EFSC has been the topic of a number of analyst reports. DA Davidson raised their price target on Enterprise Financial Services from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $70.00 target price (up previously from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th.

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.