Teachers Retirement System of The State of Kentucky Has $2.83 Million Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Teachers Retirement System of The State of Kentucky lifted its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 25.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,114 shares of the bank's stock after purchasing an additional 11,173 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.15% of Enterprise Financial Services worth $2,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EFSC. Parkside Financial Bank & Trust raised its holdings in Enterprise Financial Services by 2.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 8,133 shares of the bank's stock valued at $333,000 after acquiring an additional 224 shares during the period. Arizona State Retirement System increased its stake in shares of Enterprise Financial Services by 2.2% during the second quarter. Arizona State Retirement System now owns 10,502 shares of the bank's stock worth $430,000 after purchasing an additional 228 shares during the period. Cornercap Investment Counsel Inc. lifted its holdings in Enterprise Financial Services by 0.8% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 29,469 shares of the bank's stock worth $1,206,000 after purchasing an additional 229 shares during the last quarter. Quest Partners LLC boosted its stake in Enterprise Financial Services by 4.8% in the 2nd quarter. Quest Partners LLC now owns 10,851 shares of the bank's stock valued at $444,000 after purchasing an additional 500 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Enterprise Financial Services by 6.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 11,339 shares of the bank's stock valued at $581,000 after buying an additional 645 shares in the last quarter. Institutional investors own 72.21% of the company's stock.

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of the 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 transaction, the director now directly owns 40,950 shares in the company, valued at approximately $2,438,982. This trade represents a 70.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by insiders.

Enterprise Financial Services Price Performance

Shares of EFSC traded down $0.33 during trading hours on Friday, hitting $59.21. 194,800 shares of the company were exchanged, compared to its average volume of 148,414. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two week high of $63.13. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 12.54 and a beta of 0.99. The firm's fifty day moving average is $56.38 and its 200 day moving average is $49.90.

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, beating the consensus estimate of $1.14 by $0.15. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. The firm had revenue of $164.89 million for the quarter, compared to analyst estimates of $157.56 million. On average, equities analysts anticipate 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 disclosed 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 yield of 1.89%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.27. The ex-dividend date is Monday, December 16th. Enterprise Financial Services's dividend payout ratio is currently 22.88%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EFSC. Piper Sandler lifted their target price on Enterprise Financial Services from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Enterprise Financial Services from $59.00 to $68.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th.

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.