Enterprise Financial Services (NASDAQ:EFSC) Price Target Raised to $62.00

Enterprise Financial Services (NASDAQ:EFSC) had its target price upped by Piper Sandler from $58.00 to $62.00 in a report published on Wednesday morning, Benzinga reports. They currently have an overweight rating on the bank’s stock.

Enterprise Financial Services Trading Down 2.7 %

Enterprise Financial Services stock opened at $51.67 on Wednesday. Enterprise Financial Services has a one year low of $33.27 and a one year high of $54.88. The business’s fifty day moving average is $51.30 and its 200 day moving average is $45.14. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $1.94 billion, a PE ratio of 11.06 and a beta of 0.97.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.28 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a yield of 2.17%. Enterprise Financial Services’s dividend payout ratio is 23.98%.

Institutional Investors Weigh In On Enterprise Financial Services

Hedge funds have recently added to or reduced their stakes in the stock. F M Investments LLC bought a new stake in shares of Enterprise Financial Services in the second quarter worth $8,884,000. American Century Companies Inc. grew its stake in shares of Enterprise Financial Services by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock valued at $26,816,000 after purchasing an additional 104,960 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Enterprise Financial Services by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank’s stock valued at $85,257,000 after purchasing an additional 71,502 shares during the last quarter. Earnest Partners LLC increased its position in shares of Enterprise Financial Services by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank’s stock valued at $80,019,000 after purchasing an additional 59,809 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Enterprise Financial Services by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank’s stock worth $89,070,000 after purchasing an additional 48,583 shares during the period. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

About Enterprise Financial Services

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.