Enterprise Financial Services (NASDAQ:EFSC) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• EFSC shares moved above their 200-day moving average, reaching $66.12 and last trading at $65.44 versus the $60.58 average.
• Analysts maintain a generally positive outlook: four rate the stock Buy and one Hold, producing a “Moderate Buy” consensus and a $70 average price target, despite the company missing quarterly EPS estimates.
• Enterprise Financial Services raised its quarterly dividend to $0.35 per share, equivalent to $1.40 annually and a 2.1% yield; institutional investors own 72.21% of the stock.

Enterprise Financial Services Corporation (NASDAQ:EFSC - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $60.58 and traded as high as $66.12. Enterprise Financial Services shares last traded at $65.44, with a volume of 161,302 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EFSC. Piper Sandler lifted their target price on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, July 27th. Raymond James Financial lifted their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods lifted 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 report on Friday, July 24th. Wall Street Zen cut shares of Enterprise Financial Services from a "hold" rating to a "sell" rating in a report on Saturday, July 18th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Four 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, Enterprise Financial Services presently has an average rating of "Moderate Buy" and an average target price of $70.00.

Enterprise Financial Services Trading Down 0.8%

The company has a market cap of $2.37 billion, a PE ratio of 13.01 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day simple moving average of $65.49 and a two-hundred day simple moving average of $60.58.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.33 by ($0.20). Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%.The company had revenue of $187.37 million during the quarter, compared to analysts' expectations of $189.15 million. Sell-side analysts forecast that Enterprise Financial Services Corporation 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. Shareholders of record on Tuesday, September 15th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, September 15th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.34. Enterprise Financial Services's payout ratio is currently 27.04%.

Hedge Funds Weigh In On Enterprise Financial Services

Several institutional investors and hedge funds have recently modified their holdings of EFSC. Empowered Funds LLC acquired a new position in shares of Enterprise Financial Services in the second quarter worth $10,776,000. Capstone Investment Advisors LLC acquired a new stake in Enterprise Financial Services during the second quarter valued at $319,000. Pure Financial Advisors LLC purchased a new position in Enterprise Financial Services in the second quarter valued at about $409,000. Corient Private Wealth LP purchased a new position in Enterprise Financial Services in the second quarter valued at about $2,598,000. Finally, Bank of America Corp DE acquired a new position in Enterprise Financial Services in the 2nd quarter worth about $22,714,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.

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