Enterprise Financial Services (NASDAQ:EFSC) Earns Neutral Rating from Analysts at Piper Sandler

Equities research analysts at Piper Sandler started coverage on shares of Enterprise Financial Services (NASDAQ:EFSC) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm set a “neutral” rating and a $64.00 price target on the bank’s stock. Piper Sandler’s target price suggests a potential upside of 20.17% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Enterprise Financial Services presently has an average rating of “Moderate Buy” and an average price target of $65.00.

Enterprise Financial Services Price Performance

Shares of Enterprise Financial Services stock traded down $2.90 during trading hours on Wednesday, reaching $53.26. The stock had a trading volume of 359,172 shares, compared to its average volume of 191,712. The stock’s 50 day moving average is $58.71 and its 200 day moving average is $55.22. The firm has a market capitalization of $1.97 billion, a PE ratio of 10.14 and a beta of 0.88. Enterprise Financial Services has a twelve month low of $45.22 and a twelve month high of $63.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, July 28th. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.20 by $0.17. Enterprise Financial Services had a return on equity of 11.19% and a net margin of 21.28%.The company had revenue of $176.05 million for the quarter, compared to analyst estimates of $166.82 million. Equities analysts expect that Enterprise Financial Services will post 4.97 earnings per share for the current fiscal year.

Insider Transactions at Enterprise Financial Services

In related news, Director Michael E. Finn bought 1,500 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of $54.11 per share, with a total value of $81,165.00. Following the purchase, the director directly owned 3,000 shares of the company’s stock, valued at $162,330. This trade represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Enterprise Financial Services by 10.8% in the first quarter. Vanguard Group Inc. now owns 2,314,377 shares of the bank’s stock valued at $124,375,000 after purchasing an additional 225,369 shares during the period. First Trust Advisors LP raised its stake in shares of Enterprise Financial Services by 1.5% during the 2nd quarter. First Trust Advisors LP now owns 1,422,965 shares of the bank’s stock worth $78,405,000 after buying an additional 20,794 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Enterprise Financial Services by 0.8% in the second quarter. Geode Capital Management LLC now owns 934,727 shares of the bank’s stock valued at $51,510,000 after purchasing an additional 7,726 shares during the last quarter. American Century Companies Inc. grew its position in shares of Enterprise Financial Services by 7.5% in the first quarter. American Century Companies Inc. now owns 911,911 shares of the bank’s stock valued at $49,006,000 after purchasing an additional 63,972 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Enterprise Financial Services by 5.9% in the second quarter. Jennison Associates LLC now owns 605,723 shares of the bank’s stock valued at $33,375,000 after purchasing an additional 33,641 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.