Enterprise Financial Services (NASDAQ:EFSC) Reaches New 52-Week High – Here’s What Happened

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) reached a new 52-week high on Monday . The company traded as high as $67.53 and last traded at $66.2080, with a volume of 1176817 shares trading hands. The stock had previously closed at $66.86.

Wall Street Analyst Weigh In

EFSC has been the subject of a number of analyst reports. Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Piper Sandler raised their target price on Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Keefe, Bruyette & Woods boosted their target price 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. Finally, Raymond James Financial assumed coverage on Enterprise Financial Services in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $65.00 price target for the company. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Enterprise Financial Services presently has a consensus rating of “Moderate Buy” and an average target price of $66.75.

Enterprise Financial Services Stock Performance

The firm has a market cap of $2.41 billion, a P/E ratio of 12.43 and a beta of 0.80. 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’s 50-day moving average is $60.96 and its 200 day moving average is $58.00.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $188.85 million for the quarter, compared to analyst estimates of $174.02 million. On average, research analysts predict that Enterprise Financial Services Corporation will post 5.57 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.34 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.1%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 25.66%.

Insider Activity

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of Enterprise Financial Services stock in a transaction that occurred 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 transaction, the executive vice president owned 23,526 shares of the company’s stock, valued at approximately $1,424,499.30. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Enterprise Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in Enterprise Financial Services by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock worth $159,414,000 after purchasing an additional 329,346 shares during the period. Glenmede Trust Co. NA acquired a new stake in shares of Enterprise Financial Services in the 1st quarter valued at about $10,093,000. Millennium Management LLC lifted its holdings 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 in the last quarter. Endeavour Capital Advisors Inc. boosted its position 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 buying an additional 96,926 shares during the period. Finally, First Trust Advisors LP boosted its position 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 buying an additional 83,626 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.