California State Teachers Retirement System Has $1.53 Million Holdings in Enterprise Financial Services Corp (EFSC)

California State Teachers Retirement System lowered its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 9.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,217 shares of the bank’s stock after selling 3,666 shares during the period. California State Teachers Retirement System owned about 0.16% of Enterprise Financial Services worth $1,534,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Great West Life Assurance Co. Can raised its position in shares of Enterprise Financial Services by 281.2% in the third quarter. Great West Life Assurance Co. Can now owns 3,431 shares of the bank’s stock worth $145,000 after acquiring an additional 2,531 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Enterprise Financial Services by 89.8% in the third quarter. BNP Paribas Arbitrage SA now owns 4,385 shares of the bank’s stock worth $186,000 after acquiring an additional 2,075 shares during the period. Moloney Securities Asset Management LLC acquired a new position in shares of Enterprise Financial Services in the third quarter worth about $203,000. Legal & General Group Plc increased its stake in shares of Enterprise Financial Services by 6.9% during the second quarter. Legal & General Group Plc now owns 5,439 shares of the bank’s stock worth $222,000 after purchasing an additional 349 shares in the last quarter. Finally, Citigroup Inc. increased its stake in shares of Enterprise Financial Services by 272.4% during the second quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock worth $227,000 after purchasing an additional 4,064 shares in the last quarter. Institutional investors and hedge funds own 74.42% of the company’s stock.

In related news, President Scott Richard Goodman sold 3,700 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $45.85, for a total transaction of $169,645.00. Following the completion of the sale, the president now owns 38,269 shares of the company’s stock, valued at approximately $1,754,633.65. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Douglas Bauche sold 960 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $44.10, for a total transaction of $42,336.00. Following the sale, the insider now directly owns 679 shares of the company’s stock, valued at approximately $29,943.90. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

A number of research firms have recently commented on EFSC. Zacks Investment Research raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reissued a “buy” rating and set a $54.50 target price on shares of Enterprise Financial Services in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $46.00 target price on shares of Enterprise Financial Services in a research note on Tuesday, October 3rd. Finally, ValuEngine cut shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $50.83.

Shares of Enterprise Financial Services Corp (NASDAQ:EFSC) opened at $47.72 on Monday. The company has a market cap of $1,100.78, a PE ratio of 19.72, a PEG ratio of 1.69 and a beta of 0.87. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.03. Enterprise Financial Services Corp has a one year low of $36.65 and a one year high of $47.90.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, October 23rd. The bank reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $54.00 million during the quarter, compared to analysts’ expectations of $54.11 million. Enterprise Financial Services had a net margin of 24.73% and a return on equity of 11.15%. research analysts forecast that Enterprise Financial Services Corp will post 2.52 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.92%. Enterprise Financial Services’s dividend payout ratio is currently 18.18%.

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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.

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

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