New York State Teachers Retirement System Takes $191,000 Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

New York State Teachers Retirement System purchased a new stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,388 shares of the bank’s stock, valued at approximately $191,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Enterprise Financial Services during the fourth quarter valued at $29,000. Quarry LP boosted its holdings in shares of Enterprise Financial Services by 2,593.5% during the third quarter. Quarry LP now owns 835 shares of the bank’s stock valued at $43,000 after acquiring an additional 804 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Enterprise Financial Services during the third quarter valued at $102,000. FMR LLC boosted its holdings in shares of Enterprise Financial Services by 34.2% during the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock valued at $131,000 after acquiring an additional 653 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Enterprise Financial Services by 169.7% in the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock worth $177,000 after purchasing an additional 2,172 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

EFSC stock opened at $58.12 on Tuesday. The company has a market capitalization of $2.16 billion, a P/E ratio of 12.01 and a beta of 0.99. The company has a 50-day simple moving average of $58.03 and a 200 day simple moving average of $55.37. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two week high of $63.13. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, January 27th. The bank reported $1.32 EPS for the quarter, topping the consensus estimate of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. Sell-side analysts predict that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.00%. Enterprise Financial Services’s payout ratio is 23.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EFSC shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $70.00 price objective (up previously from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th. DA Davidson upped their price objective on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th.

About Enterprise Financial Services

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.