Enterprise Financial Services (NASDAQ:EFSC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Enterprise Financial Services (NASDAQ:EFSC) from a sell rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

EFSC has been the subject of a number of other reports. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Raymond James Financial increased their target price on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods lifted their price target on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

Enterprise Financial Services Stock Performance

EFSC stock opened at $64.66 on Friday. Enterprise Financial Services has a 52-week low of $51.18 and a 52-week high of $68.73. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.34 billion, a P/E ratio of 12.85 and a beta of 0.78. The company’s 50-day simple moving average is $65.45 and its 200-day simple moving average is $61.01.

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

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.35 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, September 15th. This represents a $1.40 annualized dividend and a yield of 2.2%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 27.04%.

Hedge Funds Weigh In On Enterprise Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Enterprise Financial Services by 929.0% during the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after purchasing an additional 576 shares in the last quarter. Nykredit A S purchased a new position in Enterprise Financial Services in the 2nd quarter valued at $39,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Enterprise Financial Services during the 2nd quarter worth $60,000. Kestra Advisory Services LLC acquired a new stake in Enterprise Financial Services during the 4th quarter worth $99,000. Finally, Fifth Third Bancorp acquired a new stake in Enterprise Financial Services during the 1st quarter worth $109,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

About Enterprise Financial Services

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.