California State Teachers Retirement System Lowers Stake in Enterprise Financial Services Corp (EFSC)

California State Teachers Retirement System cut its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,111 shares of the bank’s stock after selling 1,106 shares during the period. California State Teachers Retirement System’s holdings in Enterprise Financial Services were worth $1,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EFSC. Maltese Capital Management LLC grew its position in shares of Enterprise Financial Services by 89.4% during the third quarter. Maltese Capital Management LLC now owns 186,806 shares of the bank’s stock worth $7,911,000 after acquiring an additional 88,161 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Enterprise Financial Services by 6.8% during the third quarter. Dimensional Fund Advisors LP now owns 988,194 shares of the bank’s stock worth $41,850,000 after acquiring an additional 63,020 shares during the last quarter. American Century Companies Inc. grew its position in shares of Enterprise Financial Services by 114.6% during the fourth quarter. American Century Companies Inc. now owns 102,908 shares of the bank’s stock worth $4,646,000 after acquiring an additional 54,948 shares during the last quarter. BlackRock Inc. grew its position in shares of Enterprise Financial Services by 2.1% during the fourth quarter. BlackRock Inc. now owns 1,416,134 shares of the bank’s stock worth $63,940,000 after acquiring an additional 28,925 shares during the last quarter. Finally, Martingale Asset Management L P grew its position in Enterprise Financial Services by 37.5% in the 4th quarter. Martingale Asset Management L P now owns 105,627 shares of the bank’s stock valued at $4,770,000 after buying an additional 28,820 shares during the last quarter. Institutional investors and hedge funds own 73.17% of the company’s stock.

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EFSC has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Piper Jaffray reiterated a “buy” rating and issued a $54.50 price objective on shares of Enterprise Financial Services in a research report on Tuesday, January 9th. Finally, BidaskClub lowered shares of Enterprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $50.83.

In related news, President Scott Richard Goodman sold 1,200 shares of Enterprise Financial Services stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $47.55, for a total value of $57,060.00. Following the transaction, the president now directly owns 41,875 shares in the company, valued at approximately $1,991,156.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

NASDAQ:EFSC opened at $46.80 on Friday. Enterprise Financial Services Corp has a 1-year low of $36.65 and a 1-year high of $49.97. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $1,094.81, a P/E ratio of 18.14, a PEG ratio of 1.49 and a beta of 0.93.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Enterprise Financial Services had a net margin of 20.34% and a return on equity of 11.13%. The firm had revenue of $58.52 million for the quarter, compared to analyst estimates of $56.93 million. analysts forecast that Enterprise Financial Services Corp will post 3.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were given a $0.11 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.94%. Enterprise Financial Services’s dividend payout ratio (DPR) is 17.05%.

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Enterprise Financial Services Profile

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.

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

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