Enterprise Financial Services (NASDAQ:EFSC) Shares Cross Above 200-Day Moving Average – What’s Next?

Enterprise Financial Services Corporation (NASDAQ:EFSC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $60.58 and traded as high as $66.12. Enterprise Financial Services shares last traded at $65.44, with a volume of 161,302 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EFSC shares. Wall Street Zen downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Keefe, Bruyette & Woods boosted their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Raymond James Financial increased their price target on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Finally, Piper Sandler lifted their price objective on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.00.

Enterprise Financial Services Stock Performance

The stock has a market cap of $2.37 billion, a P/E ratio of 13.01 and a beta of 0.79. The firm has a 50 day moving average of $65.49 and a two-hundred day moving average of $60.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.20). Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%.The business had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. On average, research analysts predict that Enterprise Financial Services Corporation will post 5.31 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, September 15th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. Enterprise Financial Services’s dividend payout ratio is currently 27.04%.

Institutional Trading of Enterprise Financial Services

Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Enterprise Financial Services by 3,318.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 28,472 shares of the bank’s stock valued at $1,537,000 after buying an additional 27,639 shares during the period. Thrivent Financial for Lutherans increased its stake in Enterprise Financial Services by 2.7% during the fourth 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. AlphaQuest LLC raised its holdings in Enterprise Financial Services by 250.1% in the 4th quarter. AlphaQuest LLC now owns 49,847 shares of the bank’s stock valued at $2,692,000 after acquiring an additional 35,611 shares in the last quarter. Endeavour Capital Advisors Inc. lifted its position in shares of Enterprise Financial Services by 109.8% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 185,240 shares of the bank’s stock worth $10,003,000 after acquiring an additional 96,926 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Enterprise Financial Services by 123.1% in the 1st quarter. SG Americas Securities LLC now owns 65,832 shares of the bank’s stock worth $3,562,000 after acquiring an additional 36,328 shares during the period. 72.21% of the stock is owned by 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.