Enterprise Financial Services (NASDAQ:EFSC) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Enterprise Financial Services Corporation (NASDAQ:EFSC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $56.65 and traded as high as $62.17. Enterprise Financial Services shares last traded at $61.07, with a volume of 420,376 shares trading hands.

Wall Street Analysts Forecast Growth

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

Enterprise Financial Services Trading Down 0.3%

The business’s 50-day moving average price is $56.81 and its 200-day moving average price is $56.65. The firm has a market capitalization of $2.26 billion, a PE ratio of 11.50 and a beta of 0.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick 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 business had revenue of $190.95 million for the quarter, compared to analyst estimates of $188.54 million. As a group, analysts expect that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.32. Enterprise Financial Services’s dividend payout ratio (DPR) is 24.11%.

Institutional Trading of Enterprise Financial Services

Several large investors have recently modified their holdings of the business. First Horizon Corp purchased a new position in Enterprise Financial Services during the third quarter worth $26,000. EverSource Wealth Advisors LLC increased its position in Enterprise Financial Services by 929.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after purchasing an additional 576 shares in the last quarter. Signaturefd LLC raised its stake in Enterprise Financial Services by 65.0% in the 4th quarter. Signaturefd LLC now owns 812 shares of the bank’s stock valued at $44,000 after purchasing an additional 320 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Enterprise Financial Services in the 3rd quarter valued at about $92,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Enterprise Financial Services during the 4th quarter worth about $99,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.