Enterprise Financial Services (NASDAQ:EFSC) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Enterprise Financial Services Corp (NASDAQ:EFSC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $51.75 and traded as high as $56.03. Enterprise Financial Services shares last traded at $55.89, with a volume of 165,063 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EFSC shares. Keefe, Bruyette & Woods raised their price target on shares of Enterprise Financial Services from $59.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Piper Sandler lifted their price objective on Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd.

Enterprise Financial Services Stock Up 0.8 %

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock has a 50-day simple moving average of $57.90 and a two-hundred day simple moving average of $51.85. The firm has a market cap of $2.08 billion, a PE ratio of 11.84 and a beta of 1.00.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. The company had revenue of $164.89 million for the quarter, compared to analysts’ expectations of $157.56 million. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. Analysts expect that Enterprise Financial Services Corp will post 4.77 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.28 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.00%. Enterprise Financial Services’s dividend payout ratio is 23.73%.

Insider Buying and Selling

In related news, Director Richard Sanborn sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total transaction of $5,956,000.00. Following the transaction, the director now directly owns 40,950 shares in the company, valued at $2,438,982. This trade represents a 70.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Enterprise Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new position in shares of Enterprise Financial Services in the fourth quarter worth $29,000. Quarry LP increased its position in shares of Enterprise Financial Services by 2,593.5% in the third quarter. Quarry LP now owns 835 shares of the bank’s stock valued at $43,000 after acquiring an additional 804 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Enterprise Financial Services in the third quarter valued at about $102,000. FMR LLC raised its stake in shares of Enterprise Financial Services by 34.2% during the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock valued at $131,000 after acquiring an additional 653 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Enterprise Financial Services by 169.7% during the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock worth $177,000 after purchasing an additional 2,172 shares during the period. Institutional investors own 72.21% of the company’s stock.

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.