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

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $70.00.

A number of research analysts have recently issued reports on EFSC shares. Keefe, Bruyette & Woods increased their target price on Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Stephens began coverage on shares of Enterprise Financial Services in a research note on Friday, September 18th. They issued an “equal weight” rating and a $70.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a report on Tuesday, October 6th. Raymond James Financial upped their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Finally, Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Enterprise Financial Services by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 564 shares of the bank’s stock worth $33,000 after buying an additional 203 shares in the last quarter. Nykredit A S purchased a new position in shares of Enterprise Financial Services in the second quarter valued at approximately $39,000. Versant Capital Management Inc lifted its position in shares of Enterprise Financial Services by 66.3% in the third quarter. Versant Capital Management Inc now owns 850 shares of the bank’s stock valued at $50,000 after acquiring an additional 339 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Enterprise Financial Services in the second quarter valued at approximately $60,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Enterprise Financial Services in the first quarter worth approximately $109,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Enterprise Financial Services Stock Performance

NASDAQ EFSC opened at $59.40 on Tuesday. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 11.81 and a beta of 0.82. Enterprise Financial Services has a twelve month low of $51.18 and a twelve month high of $68.73. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average of $62.21 and a 200 day moving average of $62.09.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.20). The business had revenue of $187.37 million during the quarter, compared to analyst estimates of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. Sell-side analysts anticipate that Enterprise Financial Services will post 5.27 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

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

About Enterprise Financial Services

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.