Arizona State Retirement System Has $571,000 Stock Position in Enterprise Financial Services Corporation (NASDAQ:EFSC)

Arizona State Retirement System reduced its position in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,618 shares of the bank’s stock after selling 227 shares during the quarter. Arizona State Retirement System’s holdings in Enterprise Financial Services were worth $571,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EFSC. HighTower Advisors LLC acquired a new stake in Enterprise Financial Services during the 4th quarter worth approximately $212,000. Teacher Retirement System of Texas lifted its position in shares of Enterprise Financial Services by 37.6% in the 4th quarter. Teacher Retirement System of Texas now owns 23,208 shares of the bank’s stock worth $1,309,000 after purchasing an additional 6,336 shares during the period. American Century Companies Inc. lifted its position in shares of Enterprise Financial Services by 12.9% in the 4th quarter. American Century Companies Inc. now owns 847,939 shares of the bank’s stock worth $47,824,000 after purchasing an additional 96,822 shares during the period. Sei Investments Co. lifted its position in shares of Enterprise Financial Services by 21.0% in the 4th quarter. Sei Investments Co. now owns 65,841 shares of the bank’s stock worth $3,713,000 after purchasing an additional 11,446 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Enterprise Financial Services in the 4th quarter worth approximately $406,000. 72.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Enterprise Financial Services news, Director Michael E. Finn purchased 1,500 shares of the stock in a transaction on Friday, June 6th. The stock was bought at an average cost of $52.50 per share, for a total transaction of $78,750.00. Following the completion of the acquisition, the director directly owned 1,500 shares of the company’s stock, valued at $78,750. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Brian Lally sold 4,689 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $55.18, for a total value of $258,739.02. Following the completion of the sale, the chief executive officer directly owned 106,974 shares of the company’s stock, valued at approximately $5,902,825.32. The trade was a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,572 shares of company stock worth $472,667. Insiders own 2.20% of the company’s stock.

Enterprise Financial Services Stock Down 0.9%

EFSC opened at $58.08 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 11.39 and a beta of 0.86. The business has a 50-day moving average of $54.62 and a two-hundred day moving average of $54.99. Enterprise Financial Services Corporation has a 12 month low of $45.22 and a 12 month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, April 28th. The bank reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a return on equity of 11.14% and a net margin of 20.92%. The firm had revenue of $18.48 million during the quarter, compared to the consensus estimate of $162.83 million. On average, research analysts expect that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 2.07%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.29. Enterprise Financial Services’s payout ratio is currently 23.53%.

Wall Street Analyst Weigh In

EFSC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. 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. Finally, Wall Street Zen lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 7th.

Enterprise Financial Services 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.