Wall Street Zen upgraded shares of Enterprise Financial Services (NASDAQ:EFSC – Free Report) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.
EFSC has been the topic of a number of other reports. Keefe, Bruyette & Woods boosted their target price on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Piper Sandler lifted their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Finally, Raymond James Financial boosted 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. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Enterprise Financial Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.
Check Out Our Latest Stock Analysis on EFSC
Enterprise Financial Services Stock Performance
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. The firm had revenue of $187.37 million for the quarter, compared to analysts’ expectations of $189.15 million. On average, equities research analysts expect that Enterprise Financial Services will post 5.31 earnings per share for the current fiscal year.
Enterprise Financial Services Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, September 15th. Enterprise Financial Services’s payout ratio is currently 27.04%.
Institutional Trading of Enterprise Financial Services
Several large investors have recently modified their holdings of EFSC. EverSource Wealth Advisors LLC increased its holdings in Enterprise Financial Services by 929.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after purchasing an additional 576 shares during the period. Nykredit A S purchased a new stake in Enterprise Financial Services in the 2nd quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Enterprise Financial Services in the 2nd quarter worth approximately $60,000. Kestra Advisory Services LLC bought a new stake in shares of Enterprise Financial Services in the 4th quarter worth approximately $99,000. Finally, Fifth Third Bancorp purchased a new position in shares of Enterprise Financial Services during the first quarter valued at approximately $109,000. 72.21% of the stock is owned by 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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