Keefe, Bruyette & Woods Lowers Enterprise Financial Services (NASDAQ:EFSC) Price Target to $66.00

Enterprise Financial Services (NASDAQ:EFSC) had its target price cut by equities researchers at Keefe, Bruyette & Woods from $69.00 to $66.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 25.98% from the company’s previous close.

Separately, DA Davidson raised their price objective on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th.

Enterprise Financial Services Stock Up 0.7 %

Shares of Enterprise Financial Services stock opened at $52.39 on Wednesday. Enterprise Financial Services has a twelve month low of $37.28 and a twelve month high of $63.13. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $52.92 and its 200 day moving average is $56.05. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 10.82 and a beta of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. The firm had revenue of $18.48 million for the quarter, compared to analysts’ expectations of $162.83 million. Research analysts anticipate that Enterprise Financial Services will post 4.97 EPS for the current year.

Insider Activity

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $58.47, for a total value of $323,046.75. Following the completion of the transaction, the director now directly owns 15,447 shares in the company, valued at $903,186.09. This represents a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in Enterprise Financial Services during the first quarter valued at about $28,000. Versant Capital Management Inc bought a new stake in Enterprise Financial Services during the 4th quarter valued at approximately $29,000. USA Financial Formulas bought a new stake in Enterprise Financial Services during the 1st quarter valued at approximately $50,000. CWM LLC boosted its stake in Enterprise Financial Services by 83.6% in the 1st quarter. CWM LLC now owns 1,252 shares of the bank’s stock worth $67,000 after purchasing an additional 570 shares during the period. Finally, KBC Group NV purchased a new position in shares of Enterprise Financial Services in the first quarter worth $117,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Company Profile

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.