Enterprise Financial Services Corp (NASDAQ:EFSC) Holdings Decreased by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,895 shares of the bank’s stock after selling 543 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of Enterprise Financial Services worth $1,968,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Enterprise Financial Services by 10.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,338 shares of the bank’s stock valued at $414,000 after buying an additional 699 shares during the last quarter. Phocas Financial Corp. boosted its position in shares of Enterprise Financial Services by 21.8% during the 4th quarter. Phocas Financial Corp. now owns 138,498 shares of the bank’s stock valued at $7,811,000 after purchasing an additional 24,785 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Enterprise Financial Services by 974.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 4,823 shares of the bank’s stock worth $272,000 after buying an additional 4,374 shares during the last quarter. Mosaic Family Wealth Partners LLC grew its holdings in shares of Enterprise Financial Services by 38.0% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 32,696 shares of the bank’s stock worth $1,844,000 after acquiring an additional 9,000 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Enterprise Financial Services by 10.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 96,582 shares of the bank’s stock worth $5,447,000 after buying an additional 9,076 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, DA Davidson reduced their price target on shares of Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th.

Enterprise Financial Services Stock Performance

EFSC stock opened at $52.88 on Friday. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 10.93 and a beta of 0.86. Enterprise Financial Services Corp has a 12 month low of $37.31 and a 12 month high of $63.13. The firm has a 50 day moving average of $51.46 and a two-hundred day moving average of $55.67. 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 (NASDAQ:EFSC) last announced its earnings results on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. The firm had revenue of $18.48 million during the quarter, compared to analysts’ expectations of $162.83 million. As a group, equities analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.30 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 2.27%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.29. Enterprise Financial Services’s dividend payout ratio (DPR) is 23.53%.

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, CEO James Brian Lally sold 4,689 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $55.18, for a total value of $258,739.02. Following the completion of the transaction, the chief executive officer now owns 106,974 shares of the company’s stock, valued at $5,902,825.32. This represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by corporate insiders.

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.