Enterprise Financial Services (NASDAQ:EFSC) Hits New 1-Year High – Here’s What Happened

Enterprise Financial Services Corporation (NASDAQ:EFSC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $63.08 and last traded at $63.0160, with a volume of 14394 shares changing hands. The stock had previously closed at $61.82.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target 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. Raymond James Financial assumed coverage on shares of Enterprise Financial Services in a report on Tuesday, April 28th. They issued an “outperform” rating and a $65.00 price target on the stock. Weiss Ratings raised shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Finally, Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.00.

Enterprise Financial Services Trading Up 0.9%

The business’s 50-day moving average price is $58.56 and its two-hundred day moving average price is $56.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 11.77 and a beta of 0.80.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data 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. The business had revenue of $188.85 million during the quarter, compared to analyst estimates of $174.02 million. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%. Equities analysts expect that Enterprise Financial Services Corporation will post 5.55 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

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

Insider Buying and Selling at Enterprise Financial Services

In other news, EVP Mark G. Ponder sold 1,250 shares of the business’s 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 of the company’s stock, valued at $1,424,499.30. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Enterprise Financial Services

A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Enterprise Financial Services by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock valued at $159,414,000 after purchasing an additional 329,346 shares in the last quarter. Vanguard Group Inc. grew its holdings in Enterprise Financial Services by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,371,519 shares of the bank’s stock valued at $128,062,000 after purchasing an additional 13,956 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Enterprise Financial Services by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank’s stock valued at $118,435,000 after purchasing an additional 65,912 shares in the last quarter. First Trust Advisors LP grew its holdings in Enterprise Financial Services by 6.0% during the 4th quarter. First Trust Advisors LP now owns 1,471,244 shares of the bank’s stock valued at $79,447,000 after purchasing an additional 83,626 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Enterprise Financial Services by 2.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 995,541 shares of the bank’s stock valued at $53,759,000 after purchasing an additional 26,008 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Company Profile

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.