Enterprise Financial Services (NASDAQ:EFSC) PT Lowered to $45.00

Enterprise Financial Services (NASDAQ:EFSC) had its price target lowered by DA Davidson from $47.00 to $45.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the bank’s stock. DA Davidson also issued estimates for Enterprise Financial Services’ Q2 2024 earnings at $1.11 EPS, FY2024 earnings at $4.55 EPS and FY2025 earnings at $4.60 EPS.

EFSC has been the topic of a number of other reports. 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. Keefe, Bruyette & Woods lowered their price objective on shares of Enterprise Financial Services from $51.00 to $49.00 and set an outperform rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Enterprise Financial Services presently has an average rating of Moderate Buy and a consensus price target of $47.00.

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC opened at $38.80 on Wednesday. The stock has a market cap of $1.46 billion, a P/E ratio of 8.31 and a beta of 0.99. The firm’s 50-day simple moving average is $39.35 and its 200 day simple moving average is $40.03. Enterprise Financial Services has a fifty-two week low of $32.97 and a fifty-two week high of $46.17. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, June 14th. This represents a $1.04 annualized dividend and a yield of 2.68%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.25. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 21.41%.

Institutional Investors Weigh In On Enterprise Financial Services

A number of institutional investors and hedge funds have recently bought and sold shares of EFSC. Allspring Global Investments Holdings LLC lifted its holdings in shares of Enterprise Financial Services by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock valued at $178,000 after buying an additional 370 shares during the last quarter. Vanguard Group Inc. grew its position in Enterprise Financial Services by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank’s stock worth $89,070,000 after acquiring an additional 48,583 shares in the last quarter. Wellington Management Group LLP increased its position in Enterprise Financial Services by 7.0% during the fourth quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank’s stock worth $102,472,000 after buying an additional 150,023 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Enterprise Financial Services during the 4th quarter worth about $216,000. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Enterprise Financial Services by 31.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 44,155 shares of the bank’s stock valued at $1,972,000 after acquiring an additional 10,545 shares during the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

About Enterprise Financial Services

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.