Wealth Enhancement Advisory Services LLC Sells 760 Shares of Enterprise Financial Services Corporation $EFSC

Wealth Enhancement Advisory Services LLC decreased its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 9.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,880 shares of the bank’s stock after selling 760 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Enterprise Financial Services were worth $395,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EFSC. Vanguard Group Inc. grew its stake in shares of Enterprise Financial Services by 10.8% in the first quarter. Vanguard Group Inc. now owns 2,314,377 shares of the bank’s stock valued at $124,375,000 after acquiring an additional 225,369 shares in the last quarter. American Century Companies Inc. grew its position in shares of Enterprise Financial Services by 7.5% during the 1st quarter. American Century Companies Inc. now owns 911,911 shares of the bank’s stock worth $49,006,000 after purchasing an additional 63,972 shares in the last quarter. Jennison Associates LLC grew its position in shares of Enterprise Financial Services by 0.9% during the 1st quarter. Jennison Associates LLC now owns 572,082 shares of the bank’s stock worth $30,744,000 after purchasing an additional 5,302 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Enterprise Financial Services by 11.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 488,546 shares of the bank’s stock worth $26,254,000 after purchasing an additional 51,878 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Enterprise Financial Services in the first quarter valued at approximately $22,901,000. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Saturday, September 27th. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Enterprise Financial Services has an average rating of “Buy” and a consensus target price of $64.33.

Enterprise Financial Services Trading Up 0.9%

Shares of EFSC opened at $58.00 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88. Enterprise Financial Services Corporation has a 52-week low of $45.22 and a 52-week high of $63.13. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 11.01 and a beta of 0.88. The business’s fifty day moving average is $58.49 and its 200-day moving average is $55.15.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, July 28th. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.17. Enterprise Financial Services had a return on equity of 11.19% and a net margin of 21.28%.The business had revenue of $176.05 million for the quarter, compared to analyst estimates of $166.82 million. Equities analysts anticipate that Enterprise Financial Services Corporation will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.31 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 2.1%. Enterprise Financial Services’s payout ratio is presently 23.53%.

Insider Activity

In related news, Director Michael E. Finn acquired 1,500 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average cost of $54.11 per share, for a total transaction of $81,165.00. Following the transaction, the director directly owned 3,000 shares in the company, valued at $162,330. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.20% 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.