Enterprise Financial Services (NASDAQ:EFSC) Sets New 12-Month High – What’s Next?

Enterprise Financial Services Corporation (NASDAQ:EFSC) shares reached a new 52-week high on Monday . The company traded as high as $64.35 and last traded at $64.12, with a volume of 185078 shares. The stock had previously closed at $63.85.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EFSC. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Keefe, Bruyette & Woods increased their price target on Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings upgraded Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Raymond James Financial started coverage on Enterprise Financial Services in a research note on Tuesday, April 28th. They set an “outperform” rating and a $65.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Enterprise Financial Services currently has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Enterprise Financial Services Price Performance

The stock’s fifty day moving average price is $59.30 and its 200-day moving average price is $57.26. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 12.07 and a beta of 0.80. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. The firm had revenue of $188.85 million for the quarter, compared to analysts’ expectations of $174.02 million. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%. As a group, equities research analysts forecast that Enterprise Financial Services Corporation will post 5.55 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.34 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.1%. Enterprise Financial Services’s dividend payout ratio is currently 24.91%.

Insider Buying and Selling at Enterprise Financial Services

In related news, EVP Mark G. Ponder sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total transaction of $75,687.50. Following the completion of the sale, the executive vice president directly owned 23,526 shares of the company’s stock, valued at approximately $1,424,499.30. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Aptus Capital Advisors LLC lifted its stake in Enterprise Financial Services by 15.1% during the third quarter. Aptus Capital Advisors LLC now owns 233,226 shares of the bank’s stock worth $13,522,000 after purchasing an additional 30,568 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Enterprise Financial Services by 2.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 995,541 shares of the bank’s stock valued at $53,759,000 after buying an additional 26,008 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 during the period. Endeavour Capital Advisors Inc. raised its holdings in shares of Enterprise Financial Services by 24.8% in the 3rd quarter. Endeavour Capital Advisors Inc. now owns 88,314 shares of the bank’s stock valued at $5,120,000 after buying an additional 17,561 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new position in Enterprise Financial Services during the 3rd quarter worth about $1,211,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.