Enterprise Financial Services (NASDAQ:EFSC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Enterprise Financial Services Corporation (NASDAQ:EFSC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $56.45 and traded as high as $60.50. Enterprise Financial Services shares last traded at $59.22, with a volume of 139,850 shares trading hands.

Analyst Ratings Changes

A number of brokerages have commented on EFSC. Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. DA Davidson lifted their target price on Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods lowered their price target on Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Piper Sandler raised their price objective on Enterprise Financial Services from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings downgraded shares of Enterprise Financial Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Enterprise Financial Services Price Performance

The stock has a market cap of $2.19 billion, a P/E ratio of 11.15 and a beta of 0.84. The business has a 50 day simple moving average of $56.24 and a 200-day simple moving average of $56.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 0.88.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). Enterprise Financial Services had a return on equity of 10.74% and a net margin of 20.15%.The company had revenue of $190.95 million during the quarter, compared to analysts’ expectations of $188.54 million. On average, sell-side analysts forecast that Enterprise Financial Services Corporation will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.32. Enterprise Financial Services’s payout ratio is currently 24.86%.

Hedge Funds Weigh In On Enterprise Financial Services

Several institutional investors have recently bought and sold shares of EFSC. Thrivent Financial for Lutherans boosted its holdings in Enterprise Financial Services by 146.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 969,533 shares of the bank’s stock worth $56,213,000 after buying an additional 576,655 shares during the period. Wellington Management Group LLP lifted its position in shares of Enterprise Financial Services by 8.6% during the third quarter. Wellington Management Group LLP now owns 2,622,760 shares of the bank’s stock worth $152,068,000 after acquiring an additional 207,256 shares in the last quarter. Endeavour Capital Advisors Inc. boosted its holdings in shares of Enterprise Financial Services by 109.8% in the fourth quarter. Endeavour Capital Advisors Inc. now owns 185,240 shares of the bank’s stock worth $10,003,000 after acquiring an additional 96,926 shares during the period. Hillsdale Investment Management Inc. purchased a new position in shares of Enterprise Financial Services in the second quarter valued at $4,959,000. Finally, Bridgeway Capital Management LLC grew its position in shares of Enterprise Financial Services by 33.3% in the second quarter. Bridgeway Capital Management LLC now owns 311,614 shares of the bank’s stock valued at $17,170,000 after purchasing an additional 77,890 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.