Enterprise Financial Services (NASDAQ:EFSC) Research Coverage Started at Stephens

Stephens began coverage on shares of Enterprise Financial Services (NASDAQ:EFSC) in a research note issued to investors on Friday,Benzinga reports. The brokerage issued an equal weight rating and a $70.00 price target on the bank’s stock.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Keefe, Bruyette & Woods raised their target price on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Piper Sandler lifted their target price on Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Raymond James Financial upped their price target 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. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.00.

Enterprise Financial Services Price Performance

NASDAQ EFSC opened at $61.60 on Friday. The company has a 50-day moving average price of $65.02 and a 200-day moving average price of $61.27. Enterprise Financial Services has a 52 week low of $51.18 and a 52 week high of $68.73. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2.23 billion, a P/E ratio of 12.25 and a beta of 0.78.

Enterprise Financial Services (NASDAQ:EFSC) last announced 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). Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. The business had revenue of $187.37 million for the quarter, compared to the consensus estimate of $189.15 million. Equities research analysts anticipate that Enterprise Financial Services will post 5.31 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.35 dividend. The ex-dividend date is Tuesday, September 15th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.3%. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 27.83%.

Institutional Trading of Enterprise Financial Services

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Enterprise Financial Services during the 2nd quarter valued at $235,007,000. Dimensional Fund Advisors LP increased its stake in Enterprise Financial Services by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank’s stock worth $118,435,000 after buying an additional 65,912 shares in the last quarter. PL Capital Advisors LLC raised its holdings in Enterprise Financial Services by 4.9% during the fourth quarter. PL Capital Advisors LLC now owns 733,329 shares of the bank’s stock valued at $39,600,000 after acquiring an additional 34,500 shares during the period. Bank of America Corp DE raised its holdings in Enterprise Financial Services by 5.7% during the first quarter. Bank of America Corp DE now owns 397,357 shares of the bank’s stock valued at $21,501,000 after acquiring an additional 21,269 shares during the period. Finally, Enterprise Financial Services Corp lifted its position in shares of Enterprise Financial Services by 0.3% in the first quarter. Enterprise Financial Services Corp now owns 332,562 shares of the bank’s stock valued at $17,995,000 after acquiring an additional 983 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Through its principal subsidiary, Enterprise Bank & Trust, the company provides banking and wealth management services to businesses, professionals, individuals and families.

Enterprise Bank & Trust offers commercial and personal deposit accounts, loans, lines of credit, treasury management, cash management, online banking and other financial services. Its commercial banking activities include lending to operating companies, commercial real estate borrowers and small businesses, while its wealth management business provides investment management, trust, financial planning and related services.

Founded in 1990, the company serves clients through banking and wealth management operations in Missouri, Kansas, Arizona and New Mexico.