Enterprise Financial Services Corporation (NASDAQ:EFSC – Get Free Report)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $64.56 and last traded at $64.54, with a volume of 123479 shares traded. The stock had previously closed at $63.27.
Analyst Upgrades and Downgrades
EFSC has been the subject of several analyst reports. Weiss Ratings upgraded Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Piper Sandler upped their price target on Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Keefe, Bruyette & Woods boosted their price objective on Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Raymond James Financial began coverage on shares of Enterprise Financial Services in a report on Tuesday, April 28th. They issued an “outperform” rating and a $65.00 target price for the company. Finally, Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Enterprise Financial Services currently has an average rating of “Moderate Buy” and a consensus price target of $66.75.
View Our Latest Stock Report on Enterprise Financial Services
Enterprise Financial Services Price Performance
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. The firm had revenue of $188.85 million during the quarter, compared to analyst estimates of $174.02 million. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%. Equities analysts anticipate that Enterprise Financial Services Corporation will post 5.57 earnings per share for the current fiscal year.
Enterprise Financial Services Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.34 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.1%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s payout ratio is presently 25.66%.
Insider Transactions at Enterprise Financial Services
In other news, EVP Mark G. Ponder sold 1,250 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total transaction of $75,687.50. Following the sale, the executive vice president directly owned 23,526 shares in the company, valued at approximately $1,424,499.30. This represents a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.
Institutional Trading of Enterprise Financial Services
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Enterprise Financial Services by 929.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after acquiring an additional 576 shares during the last quarter. First Horizon Corp lifted its position in shares of Enterprise Financial Services by 55.6% during the fourth quarter. First Horizon Corp now owns 708 shares of the bank’s stock worth $38,000 after purchasing an additional 253 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Enterprise Financial Services by 65.0% during the fourth quarter. Signaturefd LLC now owns 812 shares of the bank’s stock valued at $44,000 after purchasing an additional 320 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Enterprise Financial Services during the fourth quarter valued at $99,000. Finally, Fifth Third Bancorp bought a new position in shares of Enterprise Financial Services in the first quarter worth about $109,000. 72.21% of the stock is owned by hedge funds and other institutional investors.
About Enterprise Financial Services
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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