Wall Street Zen upgraded shares of Enterprise Financial Services (NASDAQ:EFSC – Free Report) from a sell rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.
Other analysts also recently issued research reports about the company. Stephens started coverage on Enterprise Financial Services in a research note on Friday, September 18th. They issued an “equal weight” rating and a $70.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Tuesday, October 6th. Piper Sandler upgraded Enterprise Financial Services from a “neutral” rating to an “overweight” rating and set a $64.00 price objective for the company in a report on Friday, October 23rd. Benchmark raised Enterprise Financial Services to a “strong-buy” rating in a research report on Wednesday, September 23rd. Finally, Keefe, Bruyette & Woods upped their price target 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $69.20.
Get Our Latest Stock Analysis on Enterprise Financial Services
Enterprise Financial Services Trading Down 1.1%
NASDAQ:EFSC opened at $61.81 on Friday. Enterprise Financial Services has a fifty-two week low of $51.18 and a fifty-two week high of $68.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $2.24 billion, a PE ratio of 12.41 and a beta of 0.82. The business’s 50-day simple moving average is $61.51 and its 200-day simple moving average is $60.59.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The bank reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.21). The business had revenue of $192.53 million during the quarter, compared to analyst estimates of $193.09 million. Enterprise Financial Services had a net margin of 18.83% and a return on equity of 9.52%. Sell-side analysts expect that Enterprise Financial Services will post 5.09 earnings per share for the current fiscal year.
Enterprise Financial Services Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, December 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 2.3%. Enterprise Financial Services’s dividend payout ratio is presently 28.11%.
Hedge Funds Weigh In On Enterprise Financial Services
A number of institutional investors have recently bought and sold shares of EFSC. BlackRock Inc. bought a new stake in Enterprise Financial Services in the 2nd quarter valued at $235,007,000. Bank of America Corp DE bought a new position in shares of Enterprise Financial Services in the 2nd quarter valued at $22,714,000. Glenmede Trust Co. NA bought a new position in shares of Enterprise Financial Services in the first quarter worth about $10,093,000. Bank of New York Mellon Corp bought a new stake in shares of Enterprise Financial Services during the second quarter worth $11,415,000. Finally, Empowered Funds LLC acquired a new position in Enterprise Financial Services in the 2nd quarter worth about $10,776,000. Institutional investors and hedge funds own 72.21% of the company’s stock.
Enterprise Financial Services Company Profile
Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Its principal subsidiary, Enterprise Bank & Trust, provides banking and financial services to businesses, professionals, institutions and individuals.
The company offers commercial and small-business lending, deposit accounts, treasury management, private banking, wealth management, trust and estate services, and other financial solutions. Its commercial banking capabilities include financing for working capital, equipment, real estate and business expansion.
Enterprise Bank & Trust serves customers through banking markets that include St.
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