8,038 Shares in Enterprise Financial Services Corp (EFSC) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,038 shares of the bank’s stock, valued at approximately $363,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Comerica Bank increased its holdings in Enterprise Financial Services by 46.2% in the 3rd quarter. Comerica Bank now owns 29,596 shares of the bank’s stock worth $1,286,000 after purchasing an additional 9,350 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Enterprise Financial Services by 26.9% in the 3rd quarter. Wells Fargo & Company MN now owns 40,470 shares of the bank’s stock worth $1,713,000 after purchasing an additional 8,578 shares in the last quarter. American Century Companies Inc. increased its holdings in Enterprise Financial Services by 114.6% in the 4th quarter. American Century Companies Inc. now owns 102,908 shares of the bank’s stock worth $4,646,000 after purchasing an additional 54,948 shares in the last quarter. Nordea Investment Management AB increased its holdings in Enterprise Financial Services by 2.8% in the 3rd quarter. Nordea Investment Management AB now owns 157,200 shares of the bank’s stock worth $6,657,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Enterprise Financial Services by 5.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 109,573 shares of the bank’s stock worth $4,641,000 after purchasing an additional 5,727 shares in the last quarter. 72.95% of the stock is owned by institutional investors and hedge funds.

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In other Enterprise Financial Services news, President Scott Richard Goodman sold 1,200 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $47.55, for a total value of $57,060.00. Following the sale, the president now owns 41,875 shares in the company, valued at approximately $1,991,156.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.60% of the company’s stock.

A number of equities analysts have issued reports on EFSC shares. BidaskClub cut Enterprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $54.50 target price on shares of Enterprise Financial Services in a report on Tuesday, January 9th. Zacks Investment Research cut Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, ValuEngine cut Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $50.83.

Enterprise Financial Services Corp (EFSC) opened at $49.35 on Tuesday. Enterprise Financial Services Corp has a fifty-two week low of $36.65 and a fifty-two week high of $49.97. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $1,138.69, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.55 and a beta of 0.93.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, January 22nd. The bank reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Enterprise Financial Services had a return on equity of 11.13% and a net margin of 20.34%. The business had revenue of $58.52 million during the quarter, compared to analysts’ expectations of $56.93 million. equities analysts forecast that Enterprise Financial Services Corp will post 3.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a $0.11 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.89%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 21.26%.

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About Enterprise Financial Services

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.

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

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