Enterprise Financial Services (NASDAQ:EFSC) Reaches New 1-Year High – What’s Next?

Enterprise Financial Services Corporation (NASDAQ:EFSC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $63.08 and last traded at $63.0160, with a volume of 14394 shares traded. The stock had previously closed at $61.82.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EFSC shares. Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Keefe, Bruyette & Woods raised their price target on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Weiss Ratings raised shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Finally, Raymond James Financial started coverage on shares of Enterprise Financial Services in a report on Tuesday, April 28th. They issued an “outperform” rating and a $65.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Enterprise Financial Services presently has an average rating of “Moderate Buy” and a consensus target price of $66.00.

Enterprise Financial Services Price Performance

The business’s 50 day moving average price is $58.92 and its two-hundred day moving average price is $57.13. The stock has a market cap of $2.31 billion, a P/E ratio of 11.90 and a beta of 0.80. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. The firm had revenue of $188.85 million for the quarter, compared to analyst estimates of $174.02 million. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%. As a group, sell-side analysts expect that Enterprise Financial Services Corporation will post 5.55 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s payout ratio is presently 24.91%.

Insider Buying and Selling at Enterprise Financial Services

In other news, EVP Mark G. Ponder sold 1,250 shares of Enterprise Financial Services stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total transaction of $75,687.50. Following the sale, the executive vice president owned 23,526 shares of the company’s stock, valued at approximately $1,424,499.30. The trade was a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Aptus Capital Advisors LLC lifted its position in Enterprise Financial Services by 15.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 233,226 shares of the bank’s stock valued at $13,522,000 after acquiring an additional 30,568 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Enterprise Financial Services by 3,318.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,472 shares of the bank’s stock valued at $1,537,000 after acquiring an additional 27,639 shares during the period. Thrivent Financial for Lutherans lifted its position in Enterprise Financial Services by 2.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 995,541 shares of the bank’s stock valued at $53,759,000 after acquiring an additional 26,008 shares during the period. Endeavour Capital Advisors Inc. lifted its position in Enterprise Financial Services by 24.8% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 88,314 shares of the bank’s stock valued at $5,120,000 after acquiring an additional 17,561 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new position in Enterprise Financial Services during the 3rd quarter valued at about $1,211,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.