Enterprise Financial Services Corporation (NASDAQ:EFSC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) have been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $68.50.

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

Insider Buying and Selling at Enterprise Financial Services

In related news, EVP Mark G. Ponder sold 1,250 shares of the business’s 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 transaction, the executive vice president directly owned 23,526 shares in the company, valued at approximately $1,424,499.30. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd boosted its position in shares of Enterprise Financial Services by 2.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 8,352 shares of the bank’s stock worth $452,000 after acquiring an additional 219 shares during the last quarter. First Horizon Corp lifted its stake in shares of Enterprise Financial Services by 55.6% during the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock worth $38,000 after purchasing an additional 253 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Enterprise Financial Services by 9.8% during the 4th quarter. Federated Hermes Inc. now owns 2,890 shares of the bank’s stock worth $156,000 after purchasing an additional 259 shares during the last quarter. Comerica Bank grew its position in shares of Enterprise Financial Services by 17.4% in the third quarter. Comerica Bank now owns 2,041 shares of the bank’s stock valued at $118,000 after purchasing an additional 303 shares during the period. Finally, Signaturefd LLC increased its stake in Enterprise Financial Services by 65.0% during the 4th quarter. Signaturefd LLC now owns 812 shares of the bank’s stock worth $44,000 after buying an additional 320 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

NASDAQ:EFSC traded up $0.27 during mid-day trading on Friday, hitting $65.34. The stock had a trading volume of 174,123 shares, compared to its average volume of 278,347. Enterprise Financial Services has a 52 week low of $51.18 and a 52 week high of $67.53. 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 $2.39 billion, a price-to-earnings ratio of 12.33 and a beta of 0.79. The company has a 50 day simple moving average of $62.10 and a 200-day simple moving average of $58.49.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 EPS for the quarter, beating the consensus estimate of $1.30 by $0.01. The company 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%. On average, research analysts expect that Enterprise Financial Services will post 5.57 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, June 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 25.66%.

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.