Enterprise Financial Services (NASDAQ:EFSC) PT Lowered to $45.00 at DA Davidson

Enterprise Financial Services (NASDAQ:EFSC) had its price target cut by DA Davidson from $47.00 to $45.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the bank’s stock.

Other research analysts have also recently issued reports about the company. Piper Sandler lowered their price objective on Enterprise Financial Services from $48.00 to $47.00 and set an overweight rating on the stock in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods decreased their target price on shares of Enterprise Financial Services from $51.00 to $49.00 and set an outperform rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $47.75.

Enterprise Financial Services Stock Down 0.2 %

EFSC opened at $39.13 on Wednesday. The firm’s 50 day simple moving average is $39.40 and its two-hundred day simple moving average is $40.04. The company has a market capitalization of $1.47 billion, a PE ratio of 8.38 and a beta of 0.99. Enterprise Financial Services has a 1-year low of $32.97 and a 1-year high of $46.17. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, January 22nd. The bank reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. Enterprise Financial Services had a return on equity of 11.50% and a net margin of 20.60%. The company had revenue of $166.18 million for the quarter, compared to analysts’ expectations of $157.53 million. As a group, equities analysts forecast that Enterprise Financial Services will post 4.47 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.26 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.66%. Enterprise Financial Services’s dividend payout ratio is 21.41%.

Institutional Trading of Enterprise Financial Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFSC. Wellington Management Group LLP grew its holdings in Enterprise Financial Services by 11.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank’s stock valued at $80,437,000 after buying an additional 220,690 shares in the last quarter. Jennison Associates LLC grew its stake in Enterprise Financial Services by 34.3% during the fourth 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. Dimensional Fund Advisors LP increased its holdings in Enterprise Financial Services by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank’s stock valued at $85,387,000 after acquiring an additional 99,703 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Enterprise Financial Services by 247.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 114,782 shares of the bank’s stock worth $4,304,000 after purchasing an additional 81,730 shares in the last quarter. Finally, Enterprise Financial Services Corp boosted its holdings in shares of Enterprise Financial Services by 16.8% during the 4th quarter. Enterprise Financial Services Corp now owns 404,058 shares of the bank’s stock valued at $18,041,000 after purchasing an additional 58,027 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

About Enterprise Financial Services

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.