Enterprise Financial Services Corporation (NASDAQ:EFSC) Given Average Rating of “Moderate Buy” by Analysts

Enterprise Financial Services Corporation (NASDAQ:EFSC) has been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $66.00.

Several research analysts have issued reports on the company. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday. Piper Sandler increased their price target on Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Raymond James Financial assumed coverage on Enterprise Financial Services in a report on Tuesday, April 28th. They issued an “outperform” rating and a $65.00 price target on the stock. DA Davidson increased their price target on Enterprise Financial Services from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods increased their price target on Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, April 24th.

Insider Transactions at Enterprise Financial Services

In other news, EVP Mark G. Ponder sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total value of $75,687.50. Following the transaction, the executive vice president owned 23,526 shares in the company, valued at $1,424,499.30. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Enterprise Financial Services by 929.0% in the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after purchasing an additional 576 shares in the last quarter. First Horizon Corp lifted its holdings in shares of Enterprise Financial Services by 55.6% in the fourth quarter. First Horizon Corp now owns 708 shares of the bank’s stock valued at $38,000 after purchasing an additional 253 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Enterprise Financial Services by 65.0% in the fourth quarter. Signaturefd LLC now owns 812 shares of the bank’s stock valued at $44,000 after purchasing an additional 320 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Enterprise Financial Services in the third quarter valued at approximately $92,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Enterprise Financial Services in the fourth quarter valued at approximately $99,000. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Up 0.2%

Shares of Enterprise Financial Services stock opened at $60.83 on Friday. Enterprise Financial Services has a one year low of $50.88 and a one year high of $62.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s 50-day moving average is $56.99 and its 200 day moving average is $56.36. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 11.48 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.01. The business had revenue of $113.74 million for the quarter, compared to analyst estimates of $174.02 million. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%. Equities research analysts anticipate that Enterprise Financial Services will post 5.55 EPS for the current year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.34 dividend. The ex-dividend date is Monday, June 15th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 2.2%. Enterprise Financial Services’s dividend payout ratio is currently 24.91%.

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.