Metropolitan Life Insurance Co. NY reduced its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,178 shares of the bank’s stock after selling 692 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Enterprise Financial Services Corporation were worth $559,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of EFSC. US Bancorp DE bought a new position in Enterprise Financial Services Corporation during the first quarter valued at about $171,000. Quantitative Systematic Strategies LLC bought a new position in Enterprise Financial Services Corporation during the first quarter valued at about $201,000. Legal & General Group Plc raised its position in Enterprise Financial Services Corporation by 4.5% in the first quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock valued at $215,000 after buying an additional 219 shares in the last quarter. Stevens Capital Management LP bought a new position in Enterprise Financial Services Corporation during the first quarter valued at about $332,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Enterprise Financial Services Corporation during the first quarter valued at about $335,000. Institutional investors and hedge funds own 68.98% of the company’s stock.

Enterprise Financial Services Corporation (NASDAQ:EFSC) traded down 1.28% on Thursday, hitting $38.60. The stock had a trading volume of 22,862 shares. The company has a market capitalization of $905.63 million, a PE ratio of 16.80 and a beta of 0.85. Enterprise Financial Services Corporation has a 12-month low of $29.26 and a 12-month high of $46.25. The company has a 50 day moving average of $40.34 and a 200 day moving average of $41.81.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, July 24th. The bank reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.06. The company had revenue of $53.57 million during the quarter, compared to analyst estimates of $51.91 million. Enterprise Financial Services Corporation had a net margin of 24.54% and a return on equity of 11.18%. On average, equities analysts expect that Enterprise Financial Services Corporation will post $2.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.11 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.13%. Enterprise Financial Services Corporation’s payout ratio is 18.97%.

TRADEMARK VIOLATION NOTICE: “Metropolitan Life Insurance Co. NY Sells 692 Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC)” was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/08/10/metropolitan-life-insurance-co-ny-sells-692-shares-of-enterprise-financial-services-corporation-nasdaqefsc.html.

EFSC has been the topic of several recent research reports. Piper Jaffray Companies restated a “buy” rating and issued a $48.00 price target on shares of Enterprise Financial Services Corporation in a research report on Friday, July 28th. Zacks Investment Research upgraded Enterprise Financial Services Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday, June 8th. BidaskClub upgraded Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 price target on shares of Enterprise Financial Services Corporation in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $43.00.

About Enterprise Financial Services Corporation

Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.

Want to see what other hedge funds are holding EFSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Financial Services Corporation (NASDAQ:EFSC).

Institutional Ownership by Quarter for Enterprise Financial Services Corporation (NASDAQ:EFSC)

Receive News & Ratings for Enterprise Financial Services Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services Corporation and related companies with MarketBeat.com's FREE daily email newsletter.