DA Davidson Analysts Increase Earnings Estimates for EFSC

Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) - Equities research analysts at DA Davidson lifted their FY2025 EPS estimates for shares of Enterprise Financial Services in a report issued on Wednesday, April 30th. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $5.20 for the year, up from their prior forecast of $5.00. DA Davidson currently has a "Buy" rating and a $65.00 target price on the stock. The consensus estimate for Enterprise Financial Services' current full-year earnings is $4.97 per share.

Separately, 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.

Enterprise Financial Services Stock Up 1.2 %

NASDAQ EFSC traded up $0.64 during trading hours on Friday, reaching $53.22. 84,522 shares of the company traded hands, compared to its average volume of 176,470. The company has a 50 day moving average of $52.59 and a two-hundred day moving average of $56.06. The stock has a market capitalization of $1.97 billion, a PE ratio of 10.96 and a beta of 0.85. Enterprise Financial Services has a 12 month low of $37.28 and a 12 month high of $63.13. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. The business had revenue of $18.48 million during the quarter, compared to analyst estimates of $162.83 million.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 2.26%. Enterprise Financial Services's dividend payout ratio is 23.53%.

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $58.47, for a total value of $323,046.75. Following the completion of the sale, the director now directly owns 15,447 shares in the company, valued at $903,186.09. This represents a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. PL Capital Advisors LLC raised its holdings 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 valued at $2,238,852,000 after acquiring an additional 38,992,127 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Enterprise Financial Services in the fourth quarter valued at $7,556,000. Jennison Associates LLC lifted its stake in Enterprise Financial Services by 28.3% in the 4th quarter. Jennison Associates LLC now owns 566,780 shares of the bank's stock worth $31,966,000 after acquiring an additional 125,150 shares in the last quarter. Nuveen Asset Management LLC grew its position in Enterprise Financial Services by 33.5% during the fourth quarter. Nuveen Asset Management LLC now owns 430,662 shares of the bank's stock valued at $24,289,000 after purchasing an additional 107,996 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Enterprise Financial Services by 12.9% in the 4th quarter. American Century Companies Inc. now owns 847,939 shares of the bank's stock valued at $47,824,000 after buying an additional 96,822 shares during the period. Institutional investors and hedge funds own 72.21% of the company's stock.

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.