Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,141 shares of the bank’s stock after acquiring an additional 502 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Enterprise Financial Services were worth $403,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EFSC. Rhumbline Advisers grew its position in Enterprise Financial Services by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 70,761 shares of the bank’s stock worth $2,895,000 after purchasing an additional 1,186 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Enterprise Financial Services by 5.0% in the second quarter. Victory Capital Management Inc. now owns 15,942 shares of the bank’s stock worth $652,000 after buying an additional 754 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Enterprise Financial Services by 19.1% in the second quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock worth $26,816,000 after buying an additional 104,960 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Enterprise Financial Services by 10.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 31,515 shares of the bank’s stock worth $1,289,000 after acquiring an additional 3,055 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Enterprise Financial Services by 5.9% during the second quarter. Envestnet Asset Management Inc. now owns 123,854 shares of the bank’s stock valued at $5,067,000 after acquiring an additional 6,915 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

NASDAQ EFSC opened at $56.79 on Friday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 12.03 and a beta of 1.00. The stock has a 50-day moving average of $58.15 and a 200 day moving average of $52.79. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, October 21st. The bank reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.15. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. The business had revenue of $164.89 million during the quarter, compared to the consensus estimate of $157.56 million. Sell-side analysts anticipate that Enterprise Financial Services Corp will post 4.77 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.28 per share. The ex-dividend date was Monday, December 16th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 1.97%. Enterprise Financial Services’s dividend payout ratio is currently 23.73%.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total transaction of $5,956,000.00. Following the completion of the transaction, the director now owns 40,950 shares of the company’s stock, valued at $2,438,982. This represents a 70.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EFSC has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on Enterprise Financial Services from $59.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Piper Sandler increased their price target on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd.

Enterprise Financial Services Company Profile

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.