Visionary Wealth Advisors Acquires Shares of 19,800 Enterprise Financial Services Corporation $EFSC

Visionary Wealth Advisors purchased a new position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 19,800 shares of the bank’s stock, valued at approximately $1,304,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Cullen Capital Management LLC purchased a new stake in Enterprise Financial Services during the 2nd quarter valued at approximately $383,000. Sanctuary Advisors LLC acquired a new stake in Enterprise Financial Services during the 2nd quarter worth approximately $231,000. Globeflex Capital L P purchased a new position in shares of Enterprise Financial Services in the 2nd quarter valued at approximately $960,000. LM Advisors LLC purchased a new position in shares of Enterprise Financial Services in the 2nd quarter valued at approximately $714,000. Finally, Commerce Bank acquired a new position in shares of Enterprise Financial Services in the second quarter valued at approximately $703,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Stock Down 0.2%

Enterprise Financial Services stock opened at $63.52 on Tuesday. The stock’s 50 day moving average price is $65.52 and its 200 day moving average price is $60.75. Enterprise Financial Services Corporation has a 1-year low of $51.18 and a 1-year high of $68.73. The company has a market cap of $2.30 billion, a PE ratio of 12.63 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). The business had revenue of $187.37 million during the quarter, compared to analyst estimates of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. On average, sell-side analysts predict that Enterprise Financial Services Corporation will post 5.31 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.35 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Enterprise Financial Services’s payout ratio is presently 27.83%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EFSC. Piper Sandler upped their price target on Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Raymond James Financial boosted their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Keefe, Bruyette & Woods raised their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Wall Street Zen cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Enterprise Financial Services presently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Enterprise Financial Services Profile

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.