Enterprise Financial Services (NASDAQ:EFSC) Reaches New 12-Month High – What’s Next?

Enterprise Financial Services Corporation (NASDAQ:EFSC) hit a new 52-week high on Thursday . The company traded as high as $67.88 and last traded at $67.7990, with a volume of 22010 shares changing hands. The stock had previously closed at $66.30.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James Financial raised their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods boosted their target price on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Piper Sandler raised their target price on shares of Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Wall Street Zen lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.50.

Enterprise Financial Services Stock Performance

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average price is $62.85 and its 200 day moving average price is $58.88. The firm has a market capitalization of $2.47 billion, a PE ratio of 12.72 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%.The firm had revenue of $188.85 million during the quarter, compared to analysts’ expectations of $174.02 million. On average, research analysts anticipate that Enterprise Financial Services Corporation will post 5.57 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.34 per share. The ex-dividend date was Monday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.0%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s dividend payout ratio is presently 25.66%.

Insider Activity

In related news, EVP Mark G. Ponder sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total value of $75,687.50. Following the completion of the sale, the executive vice president owned 23,526 shares of the company’s stock, valued at approximately $1,424,499.30. The trade was a 5.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EFSC. EverSource Wealth Advisors LLC lifted its stake in shares of Enterprise Financial Services by 929.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after purchasing an additional 576 shares during the last quarter. First Horizon Corp increased its position in Enterprise Financial Services by 55.6% during the fourth quarter. First Horizon Corp now owns 708 shares of the bank’s stock worth $38,000 after buying an additional 253 shares during the last quarter. Signaturefd LLC increased its position in Enterprise Financial Services by 65.0% during the fourth quarter. Signaturefd LLC now owns 812 shares of the bank’s stock worth $44,000 after buying an additional 320 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Enterprise Financial Services during the fourth quarter valued at about $99,000. Finally, Fifth Third Bancorp bought a new position in Enterprise Financial Services during the first quarter valued at about $109,000. 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.