Enterprise Financial Services (NASDAQ:EFSC) Price Target Raised to $72.00 at Keefe, Bruyette & Woods

Enterprise Financial Services (NASDAQ:EFSC) had its price target hoisted by stock analysts at Keefe, Bruyette & Woods from $70.00 to $72.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 9.35% from the stock’s previous close.

Several other research analysts have also recently weighed in on EFSC. Raymond James Financial boosted their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Piper Sandler lifted their target price on 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 downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.75.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock traded up $0.81 during mid-day trading on Friday, hitting $65.84. 102,107 shares of the stock were exchanged, compared to its average volume of 246,067. Enterprise Financial Services has a 12 month low of $51.18 and a 12 month high of $68.73. The company has a 50-day simple moving average of $63.42 and a 200 day simple moving average of $59.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $2.41 billion, a P/E ratio of 13.09 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.20). The business had revenue of $182.19 million during the quarter, compared to the consensus estimate of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.73%. Sell-side analysts anticipate that Enterprise Financial Services will post 5.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of the 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 completion of the transaction, the executive vice president owned 23,526 shares in the company, valued at $1,424,499.30. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Enterprise Financial Services

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in Enterprise Financial Services by 929.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after buying an additional 576 shares during the period. First Horizon Corp raised its holdings in Enterprise Financial Services by 55.6% during the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock valued at $38,000 after acquiring an additional 253 shares during the period. Signaturefd LLC lifted its position in shares of Enterprise Financial Services by 65.0% during the fourth quarter. Signaturefd LLC now owns 812 shares of the bank’s stock worth $44,000 after acquiring an additional 320 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Enterprise Financial Services in the fourth quarter worth $99,000. Finally, Fifth Third Bancorp bought a new position in shares of Enterprise Financial Services in the first quarter worth $109,000. 72.21% of the stock is currently 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.