Keefe, Bruyette & Woods Cuts Enterprise Financial Services (NASDAQ:EFSC) Price Target to $49.00

Enterprise Financial Services (NASDAQ:EFSC) had its price target cut by equities researchers at Keefe, Bruyette & Woods from $51.00 to $49.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 26.00% from the stock’s previous close.

Separately, Piper Sandler cut their price target on shares of Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.75.

Enterprise Financial Services Stock Down 0.6 %

Shares of EFSC stock opened at $38.89 on Wednesday. The stock has a market cap of $1.46 billion, a P/E ratio of 8.33 and a beta of 0.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a fifty day moving average price of $39.39 and a 200 day moving average price of $40.04. Enterprise Financial Services has a one year low of $32.97 and a one year high of $46.17.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data 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 net margin of 20.60% and a return on equity of 11.50%. The company had revenue of $166.18 million during the quarter, compared to the consensus estimate of $157.53 million. Analysts predict that Enterprise Financial Services will post 4.47 earnings per share for the current year.

Hedge Funds Weigh In On Enterprise Financial Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EFSC. PNC Financial Services Group Inc. raised its stake in shares of Enterprise Financial Services by 263.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,469 shares of the bank’s stock valued at $55,000 after acquiring an additional 1,065 shares during the last quarter. Emerald Advisers LLC bought a new position in Enterprise Financial Services in the 3rd quarter valued at $67,000. Allspring Global Investments Holdings LLC boosted its stake in Enterprise Financial Services by 14.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,686 shares of the bank’s stock worth $138,000 after purchasing an additional 466 shares in the last quarter. Dakota Wealth Management acquired a new position in Enterprise Financial Services in the third quarter worth $201,000. Finally, Strs Ohio increased its stake in shares of Enterprise Financial Services by 9.5% in the fourth quarter. Strs Ohio now owns 4,600 shares of the bank’s stock valued at $205,000 after buying an additional 400 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.