Enterprise Financial Services Corporation (NASDAQ:EFSC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $66.00.

A number of equities research analysts have weighed in on EFSC shares. Weiss Ratings upgraded shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Raymond James Financial started coverage on shares of Enterprise Financial Services in a research report on Tuesday, April 28th. They set an “outperform” rating and a $65.00 price target for the company. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, April 24th.

Insider Buying and Selling at Enterprise Financial Services

In related news, EVP Mark G. Ponder sold 1,250 shares of Enterprise Financial Services stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total value of $75,687.50. Following the completion of the transaction, the executive vice president owned 23,526 shares in the company, valued at approximately $1,424,499.30. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EFSC. AQR Capital Management LLC grew its holdings in shares of Enterprise Financial Services by 14.5% in the first quarter. AQR Capital Management LLC now owns 58,539 shares of the bank’s stock valued at $3,146,000 after purchasing an additional 7,419 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Enterprise Financial Services by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock valued at $1,169,000 after purchasing an additional 698 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Enterprise Financial Services by 10.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock valued at $5,718,000 after purchasing an additional 9,816 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Enterprise Financial Services by 25.1% in the first quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock valued at $290,000 after purchasing an additional 1,082 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in Enterprise Financial Services by 46.1% in the first quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock worth $1,348,000 after acquiring an additional 7,909 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Price Performance

Shares of EFSC opened at $60.61 on Friday. Enterprise Financial Services has a 1-year low of $51.18 and a 1-year high of $62.30. The stock has a market cap of $2.22 billion, a PE ratio of 11.44 and a beta of 0.79. The firm has a 50-day simple moving average of $57.75 and a two-hundred day simple moving average of $56.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%. The business had revenue of $113.74 million during the quarter, compared to analysts’ expectations of $174.02 million. As a group, analysts forecast that Enterprise Financial Services will post 5.55 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.33. The ex-dividend date is Monday, June 15th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 24.91%.

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.