Enterprise Financial Services Corporation (NASDAQ:EFSC) Stock Has Average Target Price of $70.00

Enterprise Financial Services Corporation (NASDAQ:EFSC) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $70.00.

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Benchmark upgraded shares of Enterprise Financial Services to a “strong-buy” rating in a research report on Wednesday. Stephens initiated coverage on Enterprise Financial Services in a research report on Friday, September 18th. They issued an “equal weight” rating and a $70.00 target price for the company. Raymond James Financial lifted their price target on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Enterprise Financial Services in the 2nd quarter worth approximately $235,007,000. Dimensional Fund Advisors LP increased its stake in shares of Enterprise Financial Services by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank’s stock worth $118,435,000 after acquiring an additional 65,912 shares during the last quarter. PL Capital Advisors LLC raised its holdings in shares of Enterprise Financial Services by 4.9% during the fourth quarter. PL Capital Advisors LLC now owns 733,329 shares of the bank’s stock worth $39,600,000 after acquiring an additional 34,500 shares in the last quarter. Bank of America Corp DE acquired a new stake in Enterprise Financial Services during the second quarter valued at $22,714,000. Finally, Enterprise Financial Services Corp boosted its position in Enterprise Financial Services by 0.3% during the first quarter. Enterprise Financial Services Corp now owns 332,562 shares of the bank’s stock valued at $17,995,000 after purchasing an additional 983 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

EFSC stock opened at $60.69 on Friday. The firm has a market cap of $2.20 billion, a P/E ratio of 12.07 and a beta of 0.78. Enterprise Financial Services has a 12-month low of $51.18 and a 12-month high of $68.73. The stock’s 50 day simple moving average is $64.54 and its 200 day simple moving average is $61.40. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35.

Enterprise Financial Services (NASDAQ:EFSC) last issued 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). Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%.The company had revenue of $187.37 million for the quarter, compared to the consensus estimate of $189.15 million. As a group, equities research analysts predict that Enterprise Financial Services will post 5.31 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.35 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Enterprise Financial Services’s dividend payout ratio is 27.83%.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Through its principal subsidiary, Enterprise Bank & Trust, the company provides banking and wealth management services to businesses, professionals, individuals and families.

Enterprise Bank & Trust offers commercial and personal deposit accounts, loans, lines of credit, treasury management, cash management, online banking and other financial services. Its commercial banking activities include lending to operating companies, commercial real estate borrowers and small businesses, while its wealth management business provides investment management, trust, financial planning and related services.

Founded in 1990, the company serves clients through banking and wealth management operations in Missouri, Kansas, Arizona and New Mexico.