Enterprise Financial Services Corporation (NASDAQ:EFSC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Enterprise Financial Services Corporation (NASDAQ:EFSC) has been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat 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 brokerages that have issued ratings on the stock in the last year is $68.50.

EFSC has been the topic of a number of recent research reports. Piper Sandler increased their price target on shares of Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Wall Street Zen cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday. Keefe, Bruyette & Woods upped their price objective on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Raymond James Financial increased their price objective 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $67.39 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50-day moving average of $62.85 and a two-hundred day moving average of $58.88. The stock has a market cap of $2.47 billion, a P/E ratio of 12.72 and a beta of 0.79. Enterprise Financial Services has a one year low of $51.18 and a one year high of $68.73.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data 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. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%.The business had revenue of $188.85 million for the quarter, compared to analyst estimates of $174.02 million. As a group, research analysts predict that Enterprise Financial Services will post 5.57 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.36 annualized dividend and a yield of 2.0%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s payout ratio is 25.66%.

Insider Buying and Selling at Enterprise Financial Services

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in Enterprise Financial Services by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock worth $159,414,000 after acquiring an additional 329,346 shares during the period. Glenmede Trust Co. NA acquired a new stake in shares of Enterprise Financial Services in the first quarter valued at about $10,093,000. Millennium Management LLC grew its position in shares of Enterprise Financial Services by 2,090.9% in the fourth quarter. Millennium Management LLC now owns 105,077 shares of the bank’s stock valued at $5,674,000 after purchasing an additional 100,281 shares during the period. Endeavour Capital Advisors Inc. increased its stake in shares of Enterprise Financial Services by 109.8% during the fourth quarter. Endeavour Capital Advisors Inc. now owns 185,240 shares of the bank’s stock worth $10,003,000 after purchasing an additional 96,926 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Enterprise Financial Services by 6.0% during the fourth quarter. First Trust Advisors LP now owns 1,471,244 shares of the bank’s stock worth $79,447,000 after purchasing an additional 83,626 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.