Legal & General Group Plc Purchases New Position in Enterprise Financial Services Corporation $EFSC

Legal & General Group Plc acquired a new position in Enterprise Financial Services Corporation (NASDAQ:EFSC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,425 shares of the bank’s stock, valued at approximately $2,004,000.

A number of other institutional investors have also recently modified their holdings of EFSC. The Manufacturers Life Insurance Company purchased a new position in Enterprise Financial Services during the second quarter worth approximately $1,237,000. Visionary Wealth Advisors purchased a new stake in shares of Enterprise Financial Services in the second quarter valued at approximately $1,304,000. Cullen Capital Management LLC acquired a new position in shares of Enterprise Financial Services during the 2nd quarter worth approximately $383,000. Sanctuary Advisors LLC purchased a new position in shares of Enterprise Financial Services during the 2nd quarter valued at approximately $231,000. Finally, Globeflex Capital L P purchased a new position in shares of Enterprise Financial Services during the 2nd quarter valued at approximately $960,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EFSC has been the subject of several recent analyst reports. Piper Sandler boosted their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Raymond James Financial increased their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods boosted 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, Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Enterprise Financial Services currently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

Enterprise Financial Services Stock Performance

Shares of NASDAQ:EFSC opened at $64.66 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50 day moving average price is $65.48 and its 200-day moving average price is $60.98. The firm has a market capitalization of $2.34 billion, a PE ratio of 12.85 and a beta of 0.78. Enterprise Financial Services Corporation has a 1 year low of $51.18 and a 1 year high of $68.73.

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

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Enterprise Financial Services’s payout ratio is currently 27.04%.

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.