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

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) have been given an average rating of “Moderate Buy” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. One 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 updated their coverage on the stock in the last year is $70.00.

Several equities analysts recently issued reports on EFSC shares. Piper Sandler upped their price objective on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods lifted their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Wall Street Zen lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Finally, Raymond James Financial upped their target price on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EFSC. Y Intercept Hong Kong Ltd increased its position in shares of Enterprise Financial Services by 2.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 8,352 shares of the bank’s stock worth $452,000 after purchasing an additional 219 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Enterprise Financial Services by 9.8% during the fourth quarter. Federated Hermes Inc. now owns 2,890 shares of the bank’s stock worth $156,000 after purchasing an additional 259 shares during the last quarter. Comerica Bank lifted its position in shares of Enterprise Financial Services by 17.4% during the third quarter. Comerica Bank now owns 2,041 shares of the bank’s stock worth $118,000 after purchasing an additional 303 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Enterprise Financial Services by 3.7% during the first quarter. Cetera Investment Advisers now owns 9,434 shares of the bank’s stock worth $510,000 after purchasing an additional 333 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in Enterprise Financial Services by 1.0% in the second quarter. California State Teachers Retirement System now owns 34,482 shares of the bank’s stock worth $1,900,000 after purchasing an additional 345 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Financial Services Stock Performance

NASDAQ EFSC opened at $63.59 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. Enterprise Financial Services has a fifty-two week low of $51.18 and a fifty-two week high of $68.73. The business has a fifty day moving average of $65.62 and a 200-day moving average of $60.85. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 12.64 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). The company had revenue of $187.37 million for the quarter, compared to analysts’ expectations of $189.15 million. Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%. As a group, analysts predict that Enterprise Financial Services will post 5.31 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.35 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, September 15th. This represents a $1.40 annualized dividend and a yield of 2.2%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 27.83%.

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.