Enterprise Financial Services Corporation (NASDAQ:EFSC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Enterprise Financial Services Corporation (NASDAQ:EFSC) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $70.00.

EFSC has been the subject of a number of analyst reports. Wall Street Zen downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Piper Sandler boosted their price objective on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Raymond James Financial raised their target price on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Globeflex Capital L P purchased a new stake in shares of Enterprise Financial Services in the second quarter worth approximately $960,000. LM Advisors LLC bought a new position in Enterprise Financial Services in the 2nd quarter valued at $714,000. Commerce Bank bought a new position in Enterprise Financial Services in the 2nd quarter valued at $703,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Enterprise Financial Services in the second quarter worth $60,000. Finally, Quantbot Technologies LP purchased a new stake in Enterprise Financial Services in the second quarter worth $291,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Trading Up 0.5%

Shares of NASDAQ EFSC opened at $66.56 on Thursday. Enterprise Financial Services has a 1-year low of $51.18 and a 1-year high of $68.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50 day moving average is $65.14 and its two-hundred day moving average is $60.30. The stock has a market capitalization of $2.41 billion, a P/E ratio of 13.23 and a beta of 0.79.

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

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 2.1%. Enterprise Financial Services’s payout ratio is 27.83%.

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.