Enterprise Financial Services Corporation $EFSC Stock Position Reduced by MetLife Investment Management LLC

MetLife Investment Management LLC lessened its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 7.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,998 shares of the bank’s stock after selling 1,602 shares during the period. MetLife Investment Management LLC owned about 0.06% of Enterprise Financial Services worth $1,128,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Aptus Capital Advisors LLC lifted its holdings in Enterprise Financial Services by 10.7% during the 1st quarter. Aptus Capital Advisors LLC now owns 184,823 shares of the bank’s stock worth $9,932,000 after buying an additional 17,916 shares during the last quarter. Summit Securities Group LLC bought a new position in Enterprise Financial Services during the 1st quarter worth approximately $32,000. American Century Companies Inc. lifted its holdings in shares of Enterprise Financial Services by 7.5% in the 1st quarter. American Century Companies Inc. now owns 911,911 shares of the bank’s stock worth $49,006,000 after purchasing an additional 63,972 shares during the last quarter. Boston Partners lifted its holdings in shares of Enterprise Financial Services by 3.2% in the 1st quarter. Boston Partners now owns 44,649 shares of the bank’s stock worth $2,399,000 after purchasing an additional 1,374 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Enterprise Financial Services by 5.9% in the 1st quarter. Russell Investments Group Ltd. now owns 90,337 shares of the bank’s stock worth $4,855,000 after purchasing an additional 5,002 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $64.33.

Enterprise Financial Services Stock Up 1.3%

Shares of EFSC stock opened at $61.18 on Friday. The stock has a market cap of $2.26 billion, a PE ratio of 11.61 and a beta of 0.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88. The business’s fifty day moving average is $57.47 and its 200-day moving average is $54.86. Enterprise Financial Services Corporation has a 1 year low of $45.22 and a 1 year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, July 28th. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.17. The business had revenue of $176.05 million during the quarter, compared to analyst estimates of $166.82 million. Enterprise Financial Services had a return on equity of 11.19% and a net margin of 21.28%. Equities analysts expect that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.30. Enterprise Financial Services’s dividend payout ratio is 22.77%.

Insider Buying and Selling at Enterprise Financial Services

In other news, CEO James Brian Lally sold 1,828 shares of the firm’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $55.16, for a total transaction of $100,832.48. Following the completion of the sale, the chief executive officer directly owned 100,885 shares of the company’s stock, valued at $5,564,816.60. This trade represents a 1.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael E. Finn acquired 1,500 shares of Enterprise Financial Services stock in a transaction dated Monday, August 4th. The shares were bought at an average cost of $54.11 per share, with a total value of $81,165.00. Following the completion of the purchase, the director owned 3,000 shares in the company, valued at approximately $162,330. This represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

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.