Enterprise Financial Services Corporation (EFSC) – What Are Researchers Saying About This Stock?

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $70.00.

EFSC has been the subject of several research reports. Keefe, Bruyette & Woods upped their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Tuesday, October 6th. Benchmark upgraded Enterprise Financial Services to a “strong-buy” rating in a report on Wednesday, September 23rd. Piper Sandler upped their price target on Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday.

Enterprise Financial Services Price Performance

Enterprise Financial Services stock opened at $59.40 on Tuesday. Enterprise Financial Services has a 52-week low of $51.18 and a 52-week high of $68.73. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 11.81 and a beta of 0.82. The company has a fifty day simple moving average of $62.21 and a 200-day simple moving average of $62.09. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35.

Enterprise Financial Services (NASDAQ:EFSC) last issued 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 business had revenue of $187.37 million during the quarter, compared to analyst estimates of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. On average, equities analysts anticipate that Enterprise Financial Services will post 5.27 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, September 15th. Enterprise Financial Services’s dividend payout ratio is presently 27.83%.

Institutional Trading of Enterprise Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Enterprise Financial Services by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 564 shares of the bank’s stock worth $33,000 after buying an additional 203 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in 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 worth $452,000 after buying an additional 219 shares during the period. Cetera Investment Advisers lifted its stake in Enterprise Financial Services by 3.7% in the first quarter. Cetera Investment Advisers now owns 9,434 shares of the bank’s stock valued at $510,000 after buying an additional 333 shares during the last quarter. Versant Capital Management Inc lifted its stake in Enterprise Financial Services by 66.3% in the third quarter. Versant Capital Management Inc now owns 850 shares of the bank’s stock valued at $50,000 after buying an additional 339 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Enterprise Financial Services by 1.9% in the first quarter. Lazard Asset Management LLC now owns 25,327 shares of the bank’s stock valued at $1,370,000 after buying an additional 475 shares during the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Enterprise Financial Services Company Profile

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.