Enterprise Financial Services Corporation (NASDAQ:EFSC) Stock Has Average Target Price of $70.00 According to Analysts

Enterprise Financial Services Corporation (NASDAQ:EFSC) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $70.00.

A number of research firms have recently commented on EFSC. Raymond James Financial raised their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods boosted their price objective on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Wall Street Zen downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Stephens started coverage on Enterprise Financial Services in a report on Friday, September 18th. They issued an “equal weight” rating and a $70.00 price target for the company. Finally, Benchmark raised shares of Enterprise Financial Services to a “strong-buy” rating in a research report on Wednesday, September 23rd.

Institutional Trading of Enterprise Financial Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position 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 valued at $1,537,000 after buying an additional 27,639 shares in the last quarter. Corient Private Wealth LP bought a new stake in shares of Enterprise Financial Services during the 2nd quarter worth about $2,598,000. Emerald Investment Advisers LLC acquired a new stake in shares of Enterprise Financial Services in the 2nd quarter worth approximately $5,922,000. Bank of New York Mellon Corp bought a new position in shares of Enterprise Financial Services in the second quarter valued at approximately $11,415,000. Finally, NFJ Investment Group LLC bought a new position in shares of Enterprise Financial Services in the second quarter valued at approximately $5,993,000. 72.21% of the stock is owned by institutional investors.

Enterprise Financial Services Price Performance

EFSC stock opened at $59.50 on Friday. The stock’s 50 day moving average price is $63.88 and its 200 day moving average price is $61.61. The firm has a market cap of $2.15 billion, a P/E ratio of 11.83 and a beta of 0.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. Enterprise Financial Services has a 1 year low of $51.18 and a 1 year high of $68.73.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%.The firm had revenue of $187.37 million for the quarter, compared to analysts’ expectations of $189.15 million. On average, sell-side analysts expect that Enterprise Financial Services will post 5.27 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was 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 2.4%. Enterprise Financial Services’s dividend payout ratio is 27.83%.

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, entrepreneurs, nonprofit organizations and individuals.

The company’s offerings include commercial and industrial lending, commercial real estate financing, construction loans, small-business banking, deposit accounts, treasury management and private banking. Through its wealth-management activities, Enterprise also provides trust, investment-management and related advisory services.

Enterprise Bank & Trust was founded in 1990 and serves clients through banking locations and financial professionals in markets across Missouri, Kansas, Arizona, New Mexico and Colorado.