Enterprise Financial Services (NASDAQ:EFSC) PT Lowered to $49.00

Enterprise Financial Services (NASDAQ:EFSC) had its target price cut by Keefe, Bruyette & Woods from $51.00 to $49.00 in a research report report published on Wednesday, Benzinga reports. They currently have an outperform rating on the bank’s stock.

Separately, Piper Sandler dropped their price target on shares of Enterprise Financial Services from $48.00 to $47.00 and set an overweight rating on the stock in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $47.75.

Enterprise Financial Services Stock Down 0.2 %

EFSC stock opened at $39.13 on Wednesday. Enterprise Financial Services has a 52 week low of $32.97 and a 52 week high of $46.17. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 8.38 and a beta of 0.99. The firm’s 50-day moving average is $39.40 and its two-hundred day moving average is $40.04. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, January 22nd. The bank reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. Enterprise Financial Services had a net margin of 20.60% and a return on equity of 11.50%. The company had revenue of $166.18 million for the quarter, compared to the consensus estimate of $157.53 million. On average, analysts forecast that Enterprise Financial Services will post 4.47 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.26 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, June 14th. Enterprise Financial Services’s payout ratio is presently 21.41%.

Institutional Trading of Enterprise Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Enterprise Financial Services by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,413 shares of the bank’s stock worth $15,428,000 after purchasing an additional 16,069 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Enterprise Financial Services by 247.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 114,782 shares of the bank’s stock worth $4,304,000 after purchasing an additional 81,730 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Enterprise Financial Services by 22.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 92,174 shares of the bank’s stock worth $3,457,000 after purchasing an additional 17,006 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Enterprise Financial Services by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,946,265 shares of the bank’s stock worth $72,985,000 after purchasing an additional 14,588 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Enterprise Financial Services by 11.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank’s stock worth $80,437,000 after purchasing an additional 220,690 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

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.