Enterprise Financial Services (NASDAQ:EFSC) Given New $72.00 Price Target at Keefe, Bruyette & Woods

Enterprise Financial Services (NASDAQ:EFSC) had its price target boosted by Keefe, Bruyette & Woods from $70.00 to $72.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the bank’s stock.

A number of other equities analysts have also recently issued reports on EFSC. Piper Sandler boosted their price objective on shares of Enterprise Financial Services from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Wall Street Zen cut Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Finally, Raymond James Financial lifted their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Enterprise Financial Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.75.

Enterprise Financial Services Trading Up 1.5%

Shares of EFSC opened at $65.99 on Friday. The firm has a 50 day moving average price of $63.57 and a 200-day moving average price of $59.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. Enterprise Financial Services has a fifty-two week low of $51.18 and a fifty-two week high of $68.73. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 13.12 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). Enterprise Financial Services had a return on equity of 9.73% and a net margin of 18.72%.The company had revenue of $182.19 million during the quarter, compared to analysts’ expectations of $189.15 million. As a group, equities research analysts forecast that Enterprise Financial Services will post 5.57 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. Enterprise Financial Services’s payout ratio is 25.66%.

Insider Buying and Selling

In other news, EVP Mark G. Ponder sold 1,250 shares of Enterprise Financial Services stock in a transaction 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 transaction, the executive vice president owned 23,526 shares in the company, valued at $1,424,499.30. This trade represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Enterprise Financial Services

A number of hedge funds have recently made changes to their positions in the business. Empowered Funds LLC grew its stake in Enterprise Financial Services by 2.9% during the first quarter. Empowered Funds LLC now owns 157,012 shares of the bank’s stock valued at $8,496,000 after acquiring an additional 4,402 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Enterprise Financial Services in the first quarter worth about $10,093,000. Bank of America Corp DE increased its holdings in shares of Enterprise Financial Services by 5.7% in the first quarter. Bank of America Corp DE now owns 397,357 shares of the bank’s stock worth $21,501,000 after purchasing an additional 21,269 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Enterprise Financial Services by 311.2% in the first quarter. Royal Bank of Canada now owns 8,591 shares of the bank’s stock worth $464,000 after buying an additional 6,502 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Enterprise Financial Services by 371.9% during the first quarter. Quantinno Capital Management LP now owns 41,295 shares of the bank’s stock valued at $2,235,000 after buying an additional 32,545 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

About Enterprise Financial Services

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.