Enterprise Financial Services (NASDAQ:EFSC) PT Lowered to $49.00

Enterprise Financial Services (NASDAQ:EFSC) had its price objective cut by research analysts at Keefe, Bruyette & Woods from $51.00 to $49.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 26.00% from the company’s previous close.

Separately, Piper Sandler lowered their target price on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.75.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $38.89 on Wednesday. The stock has a market capitalization of $1.46 billion, a PE ratio of 8.33 and a beta of 0.99. The business’s fifty day moving average price is $39.39 and its 200 day moving average price is $40.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Financial Services has a 12-month low of $32.97 and a 12-month high of $46.17.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. Enterprise Financial Services had a net margin of 20.60% and a return on equity of 11.50%. The company had revenue of $166.18 million for the quarter, compared to the consensus estimate of $157.53 million. Equities research analysts forecast that Enterprise Financial Services will post 4.47 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EFSC. SG Americas Securities LLC acquired a new position in shares of Enterprise Financial Services during the third quarter worth approximately $275,000. HGK Asset Management Inc. grew its stake in shares of Enterprise Financial Services by 16.6% in the third quarter. HGK Asset Management Inc. now owns 11,466 shares of the bank’s stock worth $430,000 after purchasing an additional 1,634 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of Enterprise Financial Services during the third quarter valued at $201,000. Bank of New York Mellon Corp raised its stake in shares of Enterprise Financial Services by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 211,918 shares of the bank’s stock valued at $7,947,000 after purchasing an additional 5,394 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Enterprise Financial Services by 26.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,012 shares of the bank’s stock worth $300,000 after purchasing an additional 1,668 shares during the period. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Company Profile

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.