Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 25.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 55,114 shares of the bank’s stock after buying an additional 11,173 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Enterprise Financial Services were worth $2,825,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Enterprise Financial Services by 0.9% in the third quarter. Geode Capital Management LLC now owns 892,030 shares of the bank’s stock worth $45,734,000 after acquiring an additional 8,180 shares during the last quarter. Barclays PLC raised its position in shares of Enterprise Financial Services by 73.3% during the 3rd quarter. Barclays PLC now owns 83,910 shares of the bank’s stock worth $4,302,000 after purchasing an additional 35,484 shares during the period. XTX Topco Ltd bought a new stake in shares of Enterprise Financial Services in the 3rd quarter worth approximately $272,000. EP Wealth Advisors LLC acquired a new position in Enterprise Financial Services during the 3rd quarter valued at approximately $317,000. Finally, Jane Street Group LLC grew its stake in Enterprise Financial Services by 27.9% during the 3rd quarter. Jane Street Group LLC now owns 42,846 shares of the bank’s stock worth $2,196,000 after buying an additional 9,345 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

EFSC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on Enterprise Financial Services from $59.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Piper Sandler increased their price objective on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $59.21 on Friday. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 12.54 and a beta of 0.99. The business has a 50 day simple moving average of $56.38 and a 200 day simple moving average of $49.90.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, October 21st. The bank reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.15. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. The company had revenue of $164.89 million during the quarter, compared to analysts’ expectations of $157.56 million. On average, equities research analysts anticipate that Enterprise Financial Services Corp will post 4.77 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.28 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, December 16th. This represents a $1.12 annualized dividend and a yield of 1.89%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 22.88%.

Insiders Place Their Bets

In related news, Director Richard Sanborn sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total transaction of $5,956,000.00. Following the transaction, the director now owns 40,950 shares in the company, valued at $2,438,982. This trade represents a 70.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by 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.