Keefe, Bruyette & Woods Increases Enterprise Financial Services (NASDAQ:EFSC) Price Target to $72.00

Enterprise Financial Services (NASDAQ:EFSC) had its price target hoisted by equities researchers at Keefe, Bruyette & Woods from $70.00 to $72.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 9.11% from the company’s current price.

Other analysts also recently issued research reports about the company. Piper Sandler boosted their price target on Enterprise Financial Services from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Raymond James Financial lifted their target price on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.75.

Enterprise Financial Services Price Performance

Shares of EFSC opened at $65.99 on Friday. The firm has a market capitalization of $2.41 billion, a PE ratio of 13.12 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. Enterprise Financial Services has a 1-year low of $51.18 and a 1-year high of $68.73. The company’s fifty day moving average price is $63.57 and its 200-day moving average price is $59.29.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.20). The firm had revenue of $182.19 million during the quarter, compared to analyst estimates of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.73%. On average, equities research analysts predict that Enterprise Financial Services will post 5.49 EPS for the current year.

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total value of $75,687.50. Following the sale, the executive vice president directly owned 23,526 shares of the company’s stock, valued at approximately $1,424,499.30. This 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 can be accessed through this link. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Enterprise Financial Services

Hedge funds have recently modified their holdings 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 valued at $159,414,000 after acquiring an additional 329,346 shares in the last quarter. Vanguard Group Inc. boosted its position in Enterprise Financial Services by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,371,519 shares of the bank’s stock worth $128,062,000 after purchasing an additional 13,956 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Enterprise Financial Services by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank’s stock worth $118,435,000 after purchasing an additional 65,912 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Enterprise Financial Services by 6.0% during the 4th 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 during the period. Finally, Thrivent Financial for Lutherans grew its stake in shares of Enterprise Financial Services by 2.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 995,541 shares of the bank’s stock worth $53,759,000 after purchasing an additional 26,008 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.