Visionary Wealth Advisors Invests $1.30 Million in Enterprise Financial Services Corporation $EFSC

Key Points

• Visionary Wealth Advisors acquired 19,800 shares of Enterprise Financial Services worth approximately $1.30 million, while institutional investors collectively own 72.21% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $70, versus the stock’s reported price of $63.52.
• Enterprise Financial Services reported quarterly EPS of $1.13, below the $1.33 estimate, but increased its quarterly dividend to $0.35 per share, representing a 2.2% yield.

Visionary Wealth Advisors acquired a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,800 shares of the bank's stock, valued at approximately $1,304,000. Visionary Wealth Advisors owned approximately 0.05% of Enterprise Financial Services at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in Enterprise Financial Services by 929.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank's stock worth $35,000 after purchasing an additional 576 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Enterprise Financial Services in the 2nd quarter valued at about $60,000. Kestra Advisory Services LLC acquired a new position in shares of Enterprise Financial Services during the fourth quarter worth about $99,000. Fifth Third Bancorp acquired a new position in shares of Enterprise Financial Services during the first quarter worth about $109,000. Finally, Comerica Bank increased its stake in shares of Enterprise Financial Services by 17.4% during the third quarter. Comerica Bank now owns 2,041 shares of the bank's stock worth $118,000 after buying an additional 303 shares during the period. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EFSC has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Raymond James Financial boosted their price target on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. Piper Sandler increased their price objective on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, July 27th. Wall Street Zen lowered shares of Enterprise Financial Services from a "hold" rating to a "sell" rating in a report on Saturday, July 18th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.00.

Enterprise Financial Services Stock Down 0.2%

Enterprise Financial Services stock opened at $63.52 on Tuesday. Enterprise Financial Services Corporation has a fifty-two week low of $51.18 and a fifty-two week high of $68.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $2.30 billion, a P/E ratio of 12.63 and a beta of 0.79. The stock has a 50-day simple moving average of $65.52 and a 200-day simple moving average of $60.75.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.33 by ($0.20). The firm had revenue of $187.37 million for the quarter, compared to analysts' expectations of $189.15 million. Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%. Equities research analysts expect that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

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

Enterprise Financial Services Company 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.

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