Enterprise Financial Services (NASDAQ:EFSC) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Enterprise Financial Services Corporation (NASDAQ:EFSC - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $55.07 and traded as high as $55.29. Enterprise Financial Services shares last traded at $54.67, with a volume of 174,216 shares traded.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Wall Street Zen lowered Enterprise Financial Services from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Finally, DA Davidson lowered their price objective on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, April 30th.

Enterprise Financial Services Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $2.01 billion, a P/E ratio of 10.68 and a beta of 0.86. The company has a fifty day moving average of $52.72 and a two-hundred day moving average of $55.07.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.14. Enterprise Financial Services had a return on equity of 11.14% and a net margin of 20.92%. The firm had revenue of $18.48 million during the quarter, compared to analyst estimates of $162.83 million. On average, equities analysts anticipate that Enterprise Financial Services Corporation will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.30 dividend. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Monday, June 16th. Enterprise Financial Services's payout ratio is presently 23.53%.

Insider Buying and Selling at Enterprise Financial Services

In related news, Director Michael E. Finn bought 1,500 shares of the firm's stock in a transaction on Friday, June 6th. The stock was bought at an average cost of $52.50 per share, for a total transaction of $78,750.00. Following the completion of the purchase, the director now directly owns 1,500 shares in the company, valued at approximately $78,750. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Brian Lally sold 4,689 shares of Enterprise Financial Services stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $55.18, for a total value of $258,739.02. Following the completion of the transaction, the chief executive officer now owns 106,974 shares of the company's stock, valued at approximately $5,902,825.32. The trade was a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enterprise Financial Services

A number of hedge funds and other institutional investors have recently bought and sold shares of EFSC. PL Capital Advisors LLC boosted its position in shares of Enterprise Financial Services by 5,540.0% during the fourth quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank's stock worth $2,238,852,000 after buying an additional 38,992,127 shares during the period. Vanguard Group Inc. boosted its position in shares of Enterprise Financial Services by 10.8% during the first quarter. Vanguard Group Inc. now owns 2,314,377 shares of the bank's stock worth $124,375,000 after buying an additional 225,369 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Enterprise Financial Services by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,368 shares of the bank's stock worth $124,947,000 after buying an additional 54,987 shares during the period. American Century Companies Inc. boosted its position in shares of Enterprise Financial Services by 7.5% during the first quarter. American Century Companies Inc. now owns 911,911 shares of the bank's stock worth $49,006,000 after buying an additional 63,972 shares during the period. Finally, William Blair Investment Management LLC boosted its position in shares of Enterprise Financial Services by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 694,316 shares of the bank's stock worth $39,159,000 after buying an additional 16,922 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 operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.