Teachers Advisors LLC Has $1.63 Million Position in Enterprise Financial Services Corporation (EFSC)

Teachers Advisors LLC increased its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,049 shares of the bank’s stock after buying an additional 2,668 shares during the period. Teachers Advisors LLC owned 0.17% of Enterprise Financial Services Corporation worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in shares of Enterprise Financial Services Corporation by 4.5% during the first quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock valued at $215,000 after purchasing an additional 219 shares during the period. Brookstone Capital Management acquired a new stake in shares of Enterprise Financial Services Corporation in the 2nd quarter worth about $228,000. Airain ltd acquired a new stake in shares of Enterprise Financial Services Corporation in the 2nd quarter worth about $381,000. Marshall Wace North America L.P. acquired a new stake in shares of Enterprise Financial Services Corporation in the 2nd quarter worth about $395,000. Finally, Asset Dedication LLC acquired a new stake in shares of Enterprise Financial Services Corporation in the 2nd quarter worth about $446,000. Institutional investors own 73.66% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/11/11/teachers-advisors-llc-boosts-stake-in-enterprise-financial-services-corporation-efsc.html.

Enterprise Financial Services Corporation (NASDAQ:EFSC) traded up $0.25 during trading on Friday, hitting $42.25. 43,700 shares of the stock were exchanged, compared to its average volume of 117,253. The company has a market cap of $968.72, a P/E ratio of 16.73, a P/E/G ratio of 1.85 and a beta of 0.89. Enterprise Financial Services Corporation has a 1 year low of $35.60 and a 1 year high of $46.25. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.05.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last released its quarterly earnings data on Monday, October 23rd. The bank reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The company had revenue of $54.00 million during the quarter, compared to the consensus estimate of $54.11 million. Enterprise Financial Services Corporation had a net margin of 24.73% and a return on equity of 11.15%. research analysts expect that Enterprise Financial Services Corporation will post 2.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, December 14th. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is currently 18.18%.

EFSC has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Enterprise Financial Services Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Enterprise Financial Services Corporation in a research report on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Enterprise Financial Services Corporation in a research report on Tuesday, October 3rd. Finally, BidaskClub downgraded shares of Enterprise Financial Services Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th.

In related news, insider Douglas Bauche sold 1,200 shares of Enterprise Financial Services Corporation stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $38.11, for a total value of $45,732.00. Following the transaction, the insider now owns 1,639 shares in the company, valued at approximately $62,462.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Holmes bought 2,556 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of $38.74 per share, for a total transaction of $99,019.44. Following the transaction, the director now owns 2,716 shares in the company, valued at $105,217.84. The disclosure for this purchase can be found here. Company insiders own 5.60% of the company’s stock.

About Enterprise Financial Services Corporation

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 Corporation (NASDAQ:EFSC)

Receive News & Ratings for Enterprise Financial Services Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply