Envestnet Asset Management Inc. Sells 4,944 Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC)

Envestnet Asset Management Inc. lowered its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,210 shares of the bank's stock after selling 4,944 shares during the quarter. Envestnet Asset Management Inc. owned 0.33% of Enterprise Financial Services worth $6,460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc raised its stake in Enterprise Financial Services by 51.7% in the 1st quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock valued at $42,000 after acquiring an additional 264 shares during the period. Summit Investment Advisors Inc. increased its position in shares of Enterprise Financial Services by 7.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank's stock valued at $218,000 after purchasing an additional 265 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Enterprise Financial Services by 1.1% during the fourth quarter. Prudential Financial Inc. now owns 27,696 shares of the bank's stock valued at $1,629,000 after buying an additional 293 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Enterprise Financial Services by 4.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,640 shares of the bank's stock worth $411,000 after purchasing an additional 302 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in Enterprise Financial Services by 7.5% during the 4th quarter. XTX Topco Ltd now owns 5,714 shares of the bank's stock valued at $322,000 after acquiring an additional 399 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Stock Performance

Shares of NASDAQ EFSC traded down $0.28 during midday trading on Friday, hitting $55.92. 132,812 shares of the stock traded hands, compared to its average volume of 182,717. Enterprise Financial Services Corporation has a one year low of $45.22 and a one year high of $63.13. The firm has a 50-day moving average of $54.87 and a two-hundred day moving average of $55.04. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $2.07 billion, a P/E ratio of 10.96 and a beta of 0.86.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its earnings results on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.92% and a return on equity of 11.14%. The company had revenue of $18.48 million during the quarter, compared to analyst estimates of $162.83 million. On average, equities analysts forecast that Enterprise Financial Services Corporation will post 4.97 EPS for the current fiscal year.

Analyst Ratings Changes

EFSC has been the topic of a number of analyst reports. Wall Street Zen raised Enterprise Financial Services from a "sell" rating to a "hold" rating in a research report on Saturday. DA Davidson dropped their price target on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th.

Insider Activity at Enterprise Financial Services

In related news, Director Michael E. Finn acquired 1,500 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were purchased at an average price of $52.50 per share, with a total value of $78,750.00. Following the completion of the purchase, the director directly owned 1,500 shares of the company's stock, valued at $78,750. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Brian Lally sold 4,689 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $55.18, for a total value of $258,739.02. Following the completion of the transaction, the chief executive officer directly owned 106,974 shares in the company, valued at $5,902,825.32. This trade represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,572 shares of company stock worth $472,667 over the last quarter. Insiders own 2.30% of the company's stock.

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.