Enterprise Financial Services (NASDAQ:EFSC) Reaches New 12-Month High – What’s Next?

Enterprise Financial Services Corporation (NASDAQ:EFSC) shares hit a new 52-week high on Tuesday . The company traded as high as $64.56 and last traded at $64.54, with a volume of 123479 shares changing hands. The stock had previously closed at $63.27.

Analyst Ratings Changes

A number of brokerages have commented on EFSC. Piper Sandler upped their target price on shares of Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings raised Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Raymond James Financial began coverage on Enterprise Financial Services in a report on Tuesday, April 28th. They set an “outperform” rating and a $65.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lifted their target price on Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.75.

Enterprise Financial Services Stock Up 2.1%

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.36 billion, a PE ratio of 12.19 and a beta of 0.80. The business’s 50-day simple moving average is $60.03 and its 200 day simple moving average is $57.58.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. The company had revenue of $188.85 million during the quarter, compared to the consensus estimate of $174.02 million. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%. As a group, equities research analysts expect that Enterprise Financial Services Corporation will post 5.57 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.34 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.33. The ex-dividend date is Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.1%. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 25.66%.

Insider Transactions at Enterprise Financial Services

In other news, EVP Mark G. Ponder sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total value 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 trade represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enterprise Financial Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC grew its stake in shares of Enterprise Financial Services by 15.1% during the third quarter. Aptus Capital Advisors LLC now owns 233,226 shares of the bank’s stock worth $13,522,000 after acquiring an additional 30,568 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Enterprise Financial Services by 2.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 995,541 shares of the bank’s stock worth $53,759,000 after purchasing an additional 26,008 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Enterprise Financial Services by 3,318.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,472 shares of the bank’s stock worth $1,537,000 after purchasing an additional 27,639 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Enterprise Financial Services during the 3rd quarter worth approximately $1,211,000. Finally, Endeavour Capital Advisors Inc. increased its stake in Enterprise Financial Services by 109.8% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 185,240 shares of the bank’s stock valued at $10,003,000 after purchasing an additional 96,926 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.