Enterprise Financial Services (NASDAQ:EFSC) Price Target Raised to $67.00

Key Points

• Analyst target raise: Keefe, Bruyette & Woods lifted its price target to $67 (from $66) and maintains an "outperform" rating, implying roughly a 13.3% upside; the consensus rating is "Moderate Buy" with a $66.33 target.
• Earnings mixed: EFSC reported Q1 EPS of $1.31, beating estimates by $0.01, but revenue was $113.74 million versus a consensus $174.02 million, marking a significant revenue miss.
• Market snapshot: Shares traded at $59.12 (up $1.44) with a market cap of $2.18 billion and a PE of 11.16, and roughly 72% of the stock is owned by institutional investors.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) had its target price increased by analysts at Keefe, Bruyette & Woods from $66.00 to $67.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the bank's stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 13.32% from the stock's previous close.

Several other research analysts also recently issued reports on EFSC. DA Davidson lifted their price objective on Enterprise Financial Services from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Piper Sandler lifted their price objective on Enterprise Financial Services from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings upgraded Enterprise Financial Services from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.33.

Enterprise Financial Services Price Performance

Shares of EFSC stock traded up $1.44 during midday trading on Friday, reaching $59.12. 144,932 shares of the company traded hands, compared to its average volume of 231,412. The firm's 50 day simple moving average is $56.46 and its two-hundred day simple moving average is $55.80. Enterprise Financial Services has a 1-year low of $48.97 and a 1-year high of $62.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $2.18 billion, a PE ratio of 11.16 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.01. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.40%. The company had revenue of $113.74 million during the quarter, compared to the consensus estimate of $174.02 million. On average, equities research analysts expect that Enterprise Financial Services will post 5.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jag Capital Management LLC raised its holdings in Enterprise Financial Services by 1.7% in the 3rd quarter. Jag Capital Management LLC now owns 11,336 shares of the bank's stock valued at $657,000 after acquiring an additional 192 shares during the last quarter. First Horizon Corp raised its holdings in Enterprise Financial Services by 55.6% in the 4th quarter. First Horizon Corp now owns 708 shares of the bank's stock valued at $38,000 after acquiring an additional 253 shares during the last quarter. Federated Hermes Inc. raised its holdings in Enterprise Financial Services by 9.8% in the 4th quarter. Federated Hermes Inc. now owns 2,890 shares of the bank's stock valued at $156,000 after acquiring an additional 259 shares during the last quarter. Comerica Bank grew its stake in shares of Enterprise Financial Services by 17.4% during the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank's stock valued at $118,000 after buying an additional 303 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Enterprise Financial Services by 65.0% during the 4th quarter. Signaturefd LLC now owns 812 shares of the bank's stock valued at $44,000 after buying an additional 320 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.