Envestnet Asset Management Inc. Acquires 391 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Envestnet Asset Management Inc. increased its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC – Get Rating) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,976 shares of the bank’s stock after buying an additional 391 shares during the period. Envestnet Asset Management Inc.’s holdings in Enterprise Financial Services were worth $1,321,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EFSC. Public Employees Retirement System of Ohio lifted its stake in Enterprise Financial Services by 48.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock worth $32,000 after purchasing an additional 237 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Enterprise Financial Services in the third quarter worth $54,000. Great West Life Assurance Co. Can increased its holdings in shares of Enterprise Financial Services by 29.5% in the first quarter. Great West Life Assurance Co. Can now owns 2,020 shares of the bank’s stock worth $102,000 after purchasing an additional 460 shares during the period. US Bancorp DE raised its position in shares of Enterprise Financial Services by 15.9% in the third quarter. US Bancorp DE now owns 3,091 shares of the bank’s stock worth $136,000 after buying an additional 423 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new stake in Enterprise Financial Services during the fourth quarter valued at $153,000. 68.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EFSC. StockNews.com began coverage on Enterprise Financial Services in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Piper Sandler decreased their price objective on shares of Enterprise Financial Services from $54.00 to $48.00 in a research report on Wednesday, April 26th. Finally, Raymond James dropped their target price on shares of Enterprise Financial Services from $52.00 to $50.00 in a research report on Wednesday, April 26th.

Insider Buying and Selling at Enterprise Financial Services

In related news, Director Stephen P. Marsh acquired 2,473 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were purchased at an average price of $40.40 per share, for a total transaction of $99,909.20. Following the completion of the acquisition, the director now owns 47,540 shares in the company, valued at $1,920,616. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, Director Lyne Andrich bought 1,840 shares of the company’s stock in a transaction dated Monday, February 27th. The stock was bought at an average cost of $54.35 per share, for a total transaction of $100,004.00. Following the completion of the acquisition, the director now owns 2,302 shares in the company, valued at approximately $125,113.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen P. Marsh purchased 2,473 shares of Enterprise Financial Services stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average price of $40.40 per share, for a total transaction of $99,909.20. Following the acquisition, the director now owns 47,540 shares in the company, valued at $1,920,616. The disclosure for this purchase can be found here. Company insiders own 3.80% of the company’s stock.

Enterprise Financial Services Price Performance

Shares of Enterprise Financial Services stock opened at $41.36 on Wednesday. The firm has a market capitalization of $1.54 billion, a PE ratio of 7.45 and a beta of 1.12. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Enterprise Financial Services Corp has a 12 month low of $36.16 and a 12 month high of $56.35. The business’s 50-day moving average price is $42.66 and its 200-day moving average price is $48.39.

Enterprise Financial Services (NASDAQ:EFSC – Get Rating) last issued its earnings results on Tuesday, April 25th. The bank reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.09. The business had revenue of $185.93 million during the quarter, compared to analyst estimates of $154.13 million. Enterprise Financial Services had a return on equity of 14.73% and a net margin of 33.24%. During the same quarter in the prior year, the firm earned $1.23 earnings per share. Sell-side analysts forecast that Enterprise Financial Services Corp will post 5.37 EPS for the current fiscal year.

Enterprise Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, June 14th. Enterprise Financial Services’s dividend payout ratio is presently 18.02%.

Enterprise Financial Services Profile

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Enterprise Financial Services Corp. operates as a financial holding company. The firm engages in the provision of business and personal banking services and wealth management services. It also offers lending services which include commercial and industrial commercial real estate, real estate construction and development, residential real estate and consumer loans.