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

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) have earned an average rating of “Moderate Buy” from the five research firms that are presently 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 target among brokerages that have issued a report on the stock in the last year is $66.00.

A number of analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday. Piper Sandler raised their target price on Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Weiss Ratings raised Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Raymond James Financial initiated coverage on Enterprise Financial Services in a research report on Tuesday, April 28th. They issued an “outperform” rating and a $65.00 target price for the company.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $60.83 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 11.48 and a beta of 0.79. The stock has a 50 day moving average of $56.99 and a 200 day moving average of $56.36. Enterprise Financial Services has a 12 month low of $50.88 and a 12 month high of $62.30.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. The company had revenue of $113.74 million during the quarter, compared to the consensus estimate of $174.02 million. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%. As a group, sell-side analysts forecast that Enterprise Financial Services will post 5.55 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.34 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, June 15th. Enterprise Financial Services’s dividend payout ratio (DPR) is 24.91%.

Insider Transactions at Enterprise Financial Services

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

Institutional Trading of Enterprise Financial Services

Large investors have recently bought and sold shares of the company. Jag Capital Management LLC boosted its stake in Enterprise Financial Services by 1.7% during the 3rd quarter. Jag Capital Management LLC now owns 11,336 shares of the bank’s stock valued at $657,000 after purchasing an additional 192 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Enterprise Financial Services by 2.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 8,352 shares of the bank’s stock valued at $452,000 after purchasing an additional 219 shares during the last quarter. First Horizon Corp boosted its stake in Enterprise Financial Services by 55.6% during the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock valued at $38,000 after purchasing an additional 253 shares during the last quarter. Federated Hermes Inc. boosted its stake in Enterprise Financial Services by 9.8% during the 4th quarter. Federated Hermes Inc. now owns 2,890 shares of the bank’s stock valued at $156,000 after purchasing an additional 259 shares during the last quarter. Finally, Comerica Bank boosted its stake in Enterprise Financial Services by 17.4% during the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock valued at $118,000 after purchasing an additional 303 shares during the last quarter. 72.21% of the stock is 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.