New York State Common Retirement Fund Boosts Stake in Enterprise Financial Services Corp (NASDAQ:EFSC)

New York State Common Retirement Fund lifted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 48.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,186 shares of the bank’s stock after buying an additional 21,922 shares during the quarter. New York State Common Retirement Fund owned 0.18% of Enterprise Financial Services worth $3,789,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EFSC. Versant Capital Management Inc purchased a new stake in shares of Enterprise Financial Services in the fourth quarter valued at approximately $29,000. Quarry LP boosted its stake in shares of Enterprise Financial Services by 2,593.5% in the third quarter. Quarry LP now owns 835 shares of the bank’s stock valued at $43,000 after buying an additional 804 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Enterprise Financial Services in the third quarter valued at approximately $102,000. FMR LLC boosted its stake in shares of Enterprise Financial Services by 34.2% in the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock valued at $131,000 after buying an additional 653 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Enterprise Financial Services by 169.7% in the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock valued at $177,000 after buying an additional 2,172 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. DA Davidson lifted their price target on Enterprise Financial Services from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th.

Enterprise Financial Services Stock Up 0.9 %

EFSC opened at $59.08 on Friday. The business’s fifty day moving average is $58.19 and its two-hundred day moving average is $55.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 12.21 and a beta of 0.99. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, January 27th. The bank reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. Analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.96%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 14th. Enterprise Financial Services’s payout ratio is 23.97%.

Enterprise Financial Services 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.