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

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) have been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $70.00.

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

Hedge Funds Weigh In On Enterprise Financial Services

Institutional investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd grew its holdings in shares of Enterprise Financial Services by 2.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 8,352 shares of the bank’s stock valued at $452,000 after buying an additional 219 shares during the last quarter. First Horizon Corp lifted its position in Enterprise Financial Services by 55.6% in the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock valued at $38,000 after acquiring an additional 253 shares in the last quarter. Federated Hermes Inc. lifted its position in Enterprise Financial Services by 9.8% in the 4th quarter. Federated Hermes Inc. now owns 2,890 shares of the bank’s stock valued at $156,000 after acquiring an additional 259 shares in the last quarter. 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. Finally, Signaturefd LLC increased its holdings in Enterprise Financial Services by 65.0% during the 4th quarter. Signaturefd LLC now owns 812 shares of the bank’s stock worth $44,000 after purchasing an additional 320 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Price Performance

NASDAQ EFSC opened at $66.88 on Thursday. Enterprise Financial Services has a 12-month low of $51.18 and a 12-month high of $68.73. The firm’s 50 day moving average is $64.53 and its 200-day moving average is $59.96. The company has a market capitalization of $2.42 billion, a PE ratio of 13.30 and a beta of 0.79. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.35.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. The business had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. Equities research analysts anticipate that Enterprise Financial Services will post 5.31 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.35 dividend. This is an increase 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 2.1%. Enterprise Financial Services’s dividend payout ratio (DPR) is 27.04%.

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.