Brokerages Set Enterprise Financial Services Corporation (NASDAQ:EFSC) Target Price at $68.50

Enterprise Financial Services Corporation (NASDAQ:EFSC) has earned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $68.50.

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Piper Sandler lifted their target price on Enterprise Financial Services from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. Raymond James Financial upped their price target on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods raised their price target on Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th.

Enterprise Financial Services Trading Up 3.3%

EFSC opened at $68.52 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.51 billion, a PE ratio of 12.93 and a beta of 0.79. Enterprise Financial Services has a 1-year low of $51.18 and a 1-year high of $68.73. The firm has a 50-day moving average price of $62.70 and a two-hundred day moving average price of $58.82.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%. The company had revenue of $188.85 million for the quarter, compared to analyst estimates of $174.02 million. As a group, equities analysts anticipate that Enterprise Financial Services will post 5.57 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, June 15th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s dividend payout ratio is currently 25.66%.

Insider Activity at Enterprise Financial Services

In related news, EVP Mark G. Ponder sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total transaction of $75,687.50. Following the completion of the sale, the executive vice president directly owned 23,526 shares of the company’s stock, valued at $1,424,499.30. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Enterprise Financial Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP lifted its stake in shares of Enterprise Financial Services by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock valued at $159,414,000 after purchasing an additional 329,346 shares during the period. Vanguard Group Inc. grew its stake in shares of Enterprise Financial Services by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,371,519 shares of the bank’s stock worth $128,062,000 after purchasing an additional 13,956 shares during the period. Dimensional Fund Advisors LP increased its holdings in Enterprise Financial Services by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank’s stock valued at $118,435,000 after purchasing an additional 65,912 shares during the last quarter. First Trust Advisors LP lifted its stake in Enterprise Financial Services by 6.0% in the fourth quarter. First Trust Advisors LP now owns 1,471,244 shares of the bank’s stock valued at $79,447,000 after buying an additional 83,626 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Enterprise Financial Services by 2.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 995,541 shares of the bank’s stock worth $53,759,000 after buying an additional 26,008 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

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.