Enterprise Financial Services Corporation (NASDAQ:EFSC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $70.00.

EFSC has been the subject of several recent research reports. Piper Sandler boosted their target price on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Keefe, Bruyette & Woods lifted their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Raymond James Financial increased 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.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $64.66 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $65.48 and a two-hundred day simple moving average of $60.98. Enterprise Financial Services has a 12 month low of $51.18 and a 12 month high of $68.73. 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 (NASDAQ:EFSC) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). The business had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. Analysts forecast that Enterprise Financial Services will post 5.31 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given 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 annualized dividend and a dividend yield of 2.2%. Enterprise Financial Services’s payout ratio is presently 27.04%.

Hedge Funds Weigh In On Enterprise Financial Services

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Enterprise Financial Services by 3,318.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,472 shares of the bank’s stock valued at $1,537,000 after purchasing an additional 27,639 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Enterprise Financial Services by 2.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 995,541 shares of the bank’s stock worth $53,759,000 after purchasing an additional 26,008 shares during the period. Emerald Investment Advisers LLC purchased a new stake in shares of Enterprise Financial Services in the second quarter worth $5,922,000. Bank of America Corp DE raised its position in shares of Enterprise Financial Services by 5.7% in 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 in the last quarter. Finally, NFJ Investment Group LLC bought a new stake in Enterprise Financial Services during the second quarter valued at $5,993,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.