Enterprise Financial Services Corporation (NASDAQ:EFSC) Stock Has Average Target Price of $70.00 According to Brokerages

Key Points

• Enterprise Financial Services has a “Moderate Buy” consensus rating from seven analysts, with an average 12-month price target of $70, suggesting upside from its reported $60.69 opening price.
• The company reported quarterly EPS of $1.13, below the $1.33 analyst consensus, while revenue of $187.37 million also slightly missed expectations.
• Enterprise Financial Services raised its quarterly dividend from $0.34 to $0.35 per share, equivalent to an annualized $1.40 dividend and a 2.3% yield; institutional investors own 72.21% of the stock.

Enterprise Financial Services Corporation (NASDAQ:EFSC - Get Free Report) has been given an average rating of "Moderate Buy" by the seven analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $70.00.

A number of analysts recently issued reports on EFSC shares. Piper Sandler raised their target price on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, July 27th. Wall Street Zen cut Enterprise Financial Services from a "hold" rating to a "sell" rating in a report on Saturday, September 19th. Raymond James Financial lifted their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, July 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Finally, Keefe, Bruyette & Woods increased their target price on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th.

Enterprise Financial Services Price Performance

NASDAQ:EFSC opened at $60.69 on Friday. Enterprise Financial Services has a 12-month low of $51.18 and a 12-month high of $68.73. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 12.07 and a beta of 0.78. The company's 50-day moving average is $64.54 and its two-hundred day moving average is $61.40. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly 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 firm had revenue of $187.37 million for 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%. Research analysts expect that Enterprise Financial Services will post 5.31 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, September 15th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. Enterprise Financial Services's payout ratio is presently 27.83%.

Institutional Trading of Enterprise Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in Enterprise Financial Services during the second quarter worth about $509,000. Engineers Gate Manager LP increased its position in shares of Enterprise Financial Services by 221.4% in the second quarter. Engineers Gate Manager LP now owns 16,037 shares of the bank's stock worth $1,057,000 after acquiring an additional 11,047 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Enterprise Financial Services during the 2nd quarter valued at $1,452,000. Nykredit A S purchased a new position in Enterprise Financial Services in the second quarter valued at about $39,000. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Enterprise Financial Services in the second quarter worth about $955,000. 72.21% of the stock is currently 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. Through its principal subsidiary, Enterprise Bank & Trust, the company provides banking and wealth management services to businesses, professionals, individuals and families.

Enterprise Bank & Trust offers commercial and personal deposit accounts, loans, lines of credit, treasury management, cash management, online banking and other financial services. Its commercial banking activities include lending to operating companies, commercial real estate borrowers and small businesses, while its wealth management business provides investment management, trust, financial planning and related services.

Founded in 1990, the company serves clients through banking and wealth management operations in Missouri, Kansas, Arizona and New Mexico.

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