Keefe, Bruyette & Woods Lowers Enterprise Financial Services (NASDAQ:EFSC) Price Target to $49.00

Enterprise Financial Services (NASDAQ:EFSC) had its price target trimmed by Keefe, Bruyette & Woods from $51.00 to $49.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the bank’s stock.

Separately, Piper Sandler dropped their price target on Enterprise Financial Services from $48.00 to $47.00 and set an overweight rating for the company in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Financial Services presently has an average rating of Moderate Buy and a consensus target price of $47.00.

Enterprise Financial Services Stock Performance

Shares of NASDAQ:EFSC opened at $38.80 on Wednesday. The firm has a fifty day simple moving average of $39.35 and a two-hundred day simple moving average of $40.03. Enterprise Financial Services has a 52 week low of $32.97 and a 52 week high of $46.17. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $1.46 billion, a P/E ratio of 8.31 and a beta of 0.99.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.26 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.68%. Enterprise Financial Services’s payout ratio is 21.41%.

Institutional Investors Weigh In On Enterprise Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in EFSC. Wellington Management Group LLP raised its holdings in shares of Enterprise Financial Services by 7.0% in the 4th quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank’s stock valued at $102,472,000 after purchasing an additional 150,023 shares in the last quarter. Vanguard Group Inc. increased its holdings in Enterprise Financial Services by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank’s stock valued at $89,070,000 after buying an additional 48,583 shares during the period. Dimensional Fund Advisors LP raised its stake in Enterprise Financial Services by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank’s stock worth $85,387,000 after buying an additional 99,703 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Enterprise Financial Services by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 411,413 shares of the bank’s stock worth $15,428,000 after buying an additional 16,069 shares during the period. Finally, Jennison Associates LLC boosted its position in Enterprise Financial Services by 34.3% during the 4th quarter. Jennison Associates LLC now owns 411,256 shares of the bank’s stock valued at $18,363,000 after acquiring an additional 105,004 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.