Enterprise Financial Services Corporation (NASDAQ:EFSC) Stock Has Average Target Price of $69.20 According to Analysts

Key Points

• Analysts have a consensus “Buy” rating on EFSC, with five Buy, one Strong Buy, and one Hold recommendation; the average 1-year price target is $69.20.
• The bank reported quarterly EPS of $1.17, missing analysts’ $1.38 estimate, while revenue of $192.53 million also fell slightly short of expectations.
• Enterprise Financial Services raised its quarterly dividend from $0.35 to $0.36 per share, equivalent to an annualized dividend of $1.44 and a 2.3% yield.

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Get Free Report) have been assigned a consensus rating of "Buy" from the seven analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $69.20.

EFSC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Benchmark upgraded Enterprise Financial Services to a "strong-buy" rating in a research note on Wednesday, September 23rd. Wall Street Zen lowered Enterprise Financial Services from a "hold" rating to a "sell" rating in a report on Sunday, November 8th. Stephens initiated coverage on Enterprise Financial Services in a research note on Friday, September 18th. They issued an "equal weight" rating and a $70.00 price target for the company. Finally, Piper Sandler upgraded Enterprise Financial Services from a "neutral" rating to an "overweight" rating and set a $64.00 price target for the company in a research note on Friday, October 23rd.

Hedge Funds Weigh In On Enterprise Financial Services

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Enterprise Financial Services during the 2nd quarter valued at about $235,007,000. Dimensional Fund Advisors LP grew its stake in shares of Enterprise Financial Services by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank's stock worth $118,435,000 after acquiring an additional 65,912 shares during the period. Bank of America Corp DE grew its stake in shares of Enterprise Financial Services by 5.7% in the first quarter. Bank of America Corp DE now owns 397,357 shares of the bank's stock worth $21,501,000 after acquiring an additional 21,269 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Enterprise Financial Services in the third quarter worth approximately $22,300,000. Finally, Whittier Trust Co. purchased a new position in shares of Enterprise Financial Services during the third quarter valued at approximately $16,246,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Stock Down 0.3%

EFSC stock traded down $0.18 during trading on Friday, hitting $62.20. 234,286 shares of the stock traded hands, compared to its average volume of 228,350. Enterprise Financial Services has a 1 year low of $51.40 and a 1 year high of $68.73. The firm's 50 day moving average is $61.34 and its two-hundred day moving average is $60.92. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 12.49 and a beta of 0.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.84 and a quick ratio of 0.84.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its earnings results on Wednesday, October 21st. The bank reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.21). The firm had revenue of $192.53 million during the quarter, compared to analysts' expectations of $193.09 million. Enterprise Financial Services had a return on equity of 9.66% and a net margin of 18.83%. On average, sell-side analysts anticipate that Enterprise Financial Services will post 5.09 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.3%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, December 15th. Enterprise Financial Services's payout ratio is 28.11%.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. is a bank holding company and the parent of Enterprise Bank & Trust. Founded in 1988, the company is headquartered in Clayton, Missouri, and provides banking and financial services to businesses, professionals and individuals. Through Enterprise Bank & Trust, the company offers commercial and consumer banking, including business and personal deposit accounts, commercial lending, treasury management and cash-management services. It also provides wealth management, trust and investment services.

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