Enterprise Financial Services (NASDAQ:EFSC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Enterprise Financial Services (NASDAQ:EFSC) from a sell rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

Other analysts have also issued research reports about the stock. Piper Sandler raised their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Benchmark raised Enterprise Financial Services to a “strong-buy” rating in a report on Wednesday, September 23rd. 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 report on Wednesday, July 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Tuesday, October 6th. Finally, Stephens started coverage on Enterprise Financial Services in a research report on Friday, September 18th. They issued an “equal weight” rating and a $70.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Enterprise Financial Services presently has an average rating of “Moderate Buy” and an average price target of $70.00.

Enterprise Financial Services Stock Down 0.7%

Shares of NASDAQ:EFSC opened at $59.40 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.15 billion, a P/E ratio of 11.81 and a beta of 0.82. Enterprise Financial Services has a 12 month low of $51.18 and a 12 month high of $68.73. The company’s 50-day moving average price is $62.21 and its two-hundred day moving average price is $62.09.

Enterprise Financial Services (NASDAQ:EFSC) last announced 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 return on equity of 9.70% and a net margin of 18.72%. The company had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. As a group, research analysts forecast that Enterprise Financial Services will post 5.27 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.35 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.4%. Enterprise Financial Services’s payout ratio is 27.83%.

Institutional Investors Weigh In On Enterprise Financial Services

Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at about $235,007,000. Bank of America Corp DE acquired a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at approximately $22,714,000. Glenmede Trust Co. NA acquired a new stake in shares of Enterprise Financial Services in the 1st quarter valued at approximately $10,093,000. Bank of New York Mellon Corp acquired a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at approximately $11,415,000. Finally, Empowered Funds LLC bought a new position in Enterprise Financial Services during the 2nd quarter worth approximately $10,776,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

About Enterprise Financial Services

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Its principal subsidiary, Enterprise Bank & Trust, provides banking and financial services to businesses, professionals, entrepreneurs, nonprofit organizations and individuals.

The company’s offerings include commercial and industrial lending, commercial real estate financing, construction loans, small-business banking, deposit accounts, treasury management and private banking. Through its wealth-management activities, Enterprise also provides trust, investment-management and related advisory services.

Enterprise Bank & Trust was founded in 1990 and serves clients through banking locations and financial professionals in markets across Missouri, Kansas, Arizona, New Mexico and Colorado.