Analysts Set Enterprise Financial Services Corporation (NASDAQ:EFSC) PT at $66.00

Enterprise Financial Services Corporation (NASDAQ:EFSC) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $66.75.

EFSC has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Piper Sandler upped their price objective on Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Finally, Raymond James Financial initiated coverage on Enterprise Financial Services in a research report on Tuesday, April 28th. They issued an “outperform” rating and a $65.00 price objective on the stock.

Insider Buying and Selling

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of the company’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 sale, the executive vice president owned 23,526 shares in the company, valued at approximately $1,424,499.30. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Enterprise Financial Services

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its position in Enterprise Financial Services by 929.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after purchasing an additional 576 shares in the last quarter. First Horizon Corp raised 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 buying an additional 253 shares during the period. Signaturefd LLC lifted its position in shares of Enterprise Financial Services by 65.0% during the 4th quarter. Signaturefd LLC now owns 812 shares of the bank’s stock valued at $44,000 after buying an additional 320 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Enterprise Financial Services during the 4th quarter valued at approximately $99,000. Finally, Fifth Third Bancorp purchased a new position in shares of Enterprise Financial Services during the 1st quarter valued at approximately $109,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC opened at $64.67 on Wednesday. The business’s 50 day moving average price is $60.16 and its 200 day moving average price is $57.64. The firm has a market cap of $2.37 billion, a P/E ratio of 12.20 and a beta of 0.80. Enterprise Financial Services has a 52 week low of $51.18 and a 52 week high of $64.77. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Wednesday, April 22nd. The bank reported $1.31 EPS 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 return on equity of 10.35% and a net margin of 19.81%. On average, sell-side analysts expect that Enterprise Financial Services will post 5.57 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.34 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.36 annualized dividend and a yield of 2.1%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s payout ratio is currently 25.66%.

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.