Teacher Retirement System of Texas increased its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 37.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,208 shares of the bank's stock after buying 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.
Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners boosted its holdings in Enterprise Financial Services by 145.9% during the fourth quarter. Boston Partners now owns 43,275 shares of the bank's stock worth $2,441,000 after purchasing an additional 25,678 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Enterprise Financial Services by 196.7% during the fourth quarter. Intech Investment Management LLC now owns 17,173 shares of the bank's stock valued at $969,000 after acquiring an additional 11,385 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in Enterprise Financial Services by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 694,316 shares of the bank's stock worth $39,159,000 after acquiring an additional 16,922 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Enterprise Financial Services by 437.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,223 shares of the bank's stock worth $1,310,000 after purchasing an additional 18,902 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in Enterprise Financial Services during the fourth quarter valued at about $212,000. 72.21% of the stock is owned by hedge funds and other institutional investors.
Enterprise Financial Services Stock Performance
NASDAQ EFSC traded up $0.78 during trading on Wednesday, hitting $54.30. 180,714 shares of the company's stock traded hands, compared to its average volume of 169,217. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.22 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50 day moving average of $57.87 and a 200-day moving average of $56.35. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The bank reported $1.32 EPS for the quarter, topping the consensus estimate of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. As a group, equities research analysts anticipate that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.
Enterprise Financial Services Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.29 dividend. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, March 14th. Enterprise Financial Services's dividend payout ratio (DPR) is 23.97%.
Insider Activity at Enterprise Financial Services
In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $58.47, for a total value of $323,046.75. Following the transaction, the director now directly owns 15,447 shares in the company, valued at $903,186.09. This represents a 26.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several analysts have commented on EFSC shares. DA Davidson lifted their price objective on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $70.00 price objective (up previously from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.
View Our Latest Stock Report on Enterprise Financial Services
About Enterprise Financial Services
(
Free Report)
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.
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