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 report report published on Sunday.

A number of other equities research analysts have also recently commented on the company. Piper Sandler reduced their price objective on Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. DA Davidson reaffirmed a “buy” rating and set a $69.00 target price on shares of Enterprise Financial Services in a research report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Enterprise Financial Services in a research report on Friday, October 31st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Enterprise Financial Services presently has an average rating of “Moderate Buy” and a consensus price target of $65.67.

Enterprise Financial Services Trading Down 0.1%

EFSC opened at $53.40 on Friday. The company has a fifty day moving average price of $56.91 and a two-hundred day moving average price of $55.92. Enterprise Financial Services has a 1-year low of $45.22 and a 1-year high of $63.13. The company has a market cap of $1.98 billion, a P/E ratio of 10.39 and a beta of 0.90. 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 earnings results on Monday, October 27th. The bank reported $1.20 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.10). Enterprise Financial Services had a net margin of 19.98% and a return on equity of 10.98%. The firm had revenue of ($325.26) million during the quarter, compared to analyst estimates of $176.52 million. Analysts predict that Enterprise Financial Services will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 2.4%. Enterprise Financial Services’s payout ratio is presently 24.90%.

Hedge Funds Weigh In On Enterprise Financial Services

Several large investors have recently bought and sold shares of EFSC. Jag Capital Management LLC grew its stake in shares of Enterprise Financial Services by 1.7% in the 3rd quarter. Jag Capital Management LLC now owns 11,336 shares of the bank’s stock worth $657,000 after acquiring an additional 192 shares in the last quarter. Keybank National Association OH boosted its holdings in Enterprise Financial Services by 4.2% during the third quarter. Keybank National Association OH now owns 8,001 shares of the bank’s stock worth $464,000 after purchasing an additional 322 shares during the last quarter. California State Teachers Retirement System grew its position in Enterprise Financial Services by 1.0% in the 2nd quarter. California State Teachers Retirement System now owns 34,482 shares of the bank’s stock worth $1,900,000 after purchasing an additional 345 shares in the last quarter. F m Investments LLC increased its stake in Enterprise Financial Services by 0.5% in the 2nd quarter. F m Investments LLC now owns 73,611 shares of the bank’s stock valued at $4,056,000 after buying an additional 359 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Enterprise Financial Services by 20.6% in the 3rd quarter. Federated Hermes Inc. now owns 2,631 shares of the bank’s stock valued at $153,000 after buying an additional 449 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

About Enterprise Financial Services

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.