Enterprise Financial Services (NASDAQ:EFSC) Sets New 12-Month High – What’s Next?

Enterprise Financial Services Corporation (NASDAQ:EFSC)’s share price hit a new 52-week high on Monday . The stock traded as high as $67.53 and last traded at $66.2080, with a volume of 1176817 shares. The stock had previously closed at $66.86.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Piper Sandler increased their price target on Enterprise Financial Services from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Raymond James Financial initiated coverage on Enterprise Financial Services in a research note on Tuesday, April 28th. They set an “outperform” rating and a $65.00 price objective on the stock. Keefe, Bruyette & Woods raised their target price on Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Four 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, Enterprise Financial Services has an average rating of “Moderate Buy” and an average target price of $66.75.

Enterprise Financial Services Stock Performance

The firm’s 50 day moving average price is $60.64 and its two-hundred day moving average price is $57.86. The firm has a market cap of $2.41 billion, a PE ratio of 12.47 and a beta of 0.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%.The firm had revenue of $188.85 million for the quarter, compared to analysts’ expectations of $174.02 million. On average, research analysts forecast that Enterprise Financial Services Corporation will post 5.57 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.34 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, June 15th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 25.66%.

Insider Activity at Enterprise Financial Services

In other news, EVP Mark G. Ponder sold 1,250 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total value of $75,687.50. Following the transaction, the executive vice president owned 23,526 shares of the company’s stock, valued at $1,424,499.30. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Enterprise Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC raised its holdings in Enterprise Financial Services by 2.9% in the 1st quarter. Empowered Funds LLC now owns 157,012 shares of the bank’s stock valued at $8,496,000 after buying an additional 4,402 shares during the period. Glenmede Trust Co. NA purchased a new position in Enterprise Financial Services during the first quarter worth about $10,093,000. Bank of America Corp DE boosted its stake in Enterprise Financial Services by 5.7% during the first quarter. Bank of America Corp DE now owns 397,357 shares of the bank’s stock worth $21,501,000 after buying an additional 21,269 shares during the period. Royal Bank of Canada increased its position in shares of Enterprise Financial Services by 311.2% during the first quarter. Royal Bank of Canada now owns 8,591 shares of the bank’s stock valued at $464,000 after acquiring an additional 6,502 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Enterprise Financial Services by 371.9% in the 1st quarter. Quantinno Capital Management LP now owns 41,295 shares of the bank’s stock valued at $2,235,000 after acquiring an additional 32,545 shares during the period. 72.21% of the stock is owned by institutional investors and hedge funds.

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.