Enterprise Financial Services (NASDAQ:EFSC) Price Target Raised to $72.00

Enterprise Financial Services (NASDAQ:EFSC) had its price target boosted by Keefe, Bruyette & Woods from $70.00 to $72.00 in a research report report published on Friday morning,Benzinga reports. They currently have an outperform rating on the bank’s stock.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Wall Street Zen cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Raymond James Financial raised their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Finally, Piper Sandler lifted their target price on Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.75.

Enterprise Financial Services Stock Performance

Shares of NASDAQ:EFSC opened at $65.99 on Friday. The firm’s 50 day simple moving average is $63.57 and its 200 day simple moving average is $59.32. Enterprise Financial Services has a fifty-two week low of $51.18 and a fifty-two week high of $68.73. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 13.12 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.73%. The firm had revenue of $182.19 million for the quarter, compared to analyst estimates of $189.15 million. As a group, sell-side analysts forecast that Enterprise Financial Services will post 5.49 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued 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 2.1%. Enterprise Financial Services’s dividend payout ratio is 27.04%.

Insiders Place Their Bets

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of Enterprise Financial Services stock in a transaction that occurred on Tuesday, April 28th. The shares were 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 approximately $1,424,499.30. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Enterprise Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd lifted its position in Enterprise Financial Services by 2.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 8,352 shares of the bank’s stock valued at $452,000 after acquiring an additional 219 shares in the last quarter. First Horizon Corp increased its holdings in Enterprise Financial Services by 55.6% during the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock worth $38,000 after purchasing an additional 253 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Enterprise Financial Services by 9.8% in the 4th quarter. Federated Hermes Inc. now owns 2,890 shares of the bank’s stock valued at $156,000 after purchasing an additional 259 shares during the period. Comerica Bank raised its stake in shares of Enterprise Financial Services by 17.4% in the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock valued at $118,000 after purchasing an additional 303 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Enterprise Financial Services by 65.0% in the fourth quarter. Signaturefd LLC now owns 812 shares of the bank’s stock valued at $44,000 after purchasing an additional 320 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.