Enterprise Financial Services (NASDAQ:EFSC) Price Target Lowered to $49.00 at Keefe, Bruyette & Woods

Enterprise Financial Services (NASDAQ:EFSC) had its price objective lowered by Keefe, Bruyette & Woods from $51.00 to $49.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the bank’s stock.

Separately, Piper Sandler decreased their target price on Enterprise Financial Services from $48.00 to $47.00 and set an overweight rating for the company in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Financial Services has a consensus rating of Moderate Buy and a consensus target price of $47.75.

Enterprise Financial Services Trading Down 0.2 %

EFSC opened at $39.13 on Wednesday. Enterprise Financial Services has a one year low of $32.97 and a one year high of $46.17. The company has a market cap of $1.47 billion, a P/E ratio of 8.38 and a beta of 0.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 0.92. The business’s 50-day simple moving average is $39.40 and its 200-day simple moving average is $40.04.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, January 22nd. The bank reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.02. The firm had revenue of $166.18 million during the quarter, compared to analysts’ expectations of $157.53 million. Enterprise Financial Services had a return on equity of 11.50% and a net margin of 20.60%. As a group, equities research analysts expect that Enterprise Financial Services will post 4.47 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.66%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, June 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 21.41%.

Institutional Trading of Enterprise Financial Services

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position in Enterprise Financial Services by 263.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,469 shares of the bank’s stock worth $55,000 after acquiring an additional 1,065 shares during the period. Emerald Advisers LLC acquired a new stake in Enterprise Financial Services during the 3rd quarter worth approximately $67,000. Allspring Global Investments Holdings LLC lifted its position in Enterprise Financial Services by 14.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,686 shares of the bank’s stock worth $138,000 after acquiring an additional 466 shares during the period. Strs Ohio lifted its position in Enterprise Financial Services by 9.5% during the 4th quarter. Strs Ohio now owns 4,600 shares of the bank’s stock worth $205,000 after acquiring an additional 400 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Enterprise Financial Services during the 4th quarter worth approximately $216,000. 72.21% of the stock is owned by institutional investors and hedge funds.

About Enterprise Financial Services

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.