Enterprise Financial Services (NASDAQ:EFSC) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Enterprise Financial Services Corporation (NASDAQ:EFSC) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $60.58 and traded as high as $66.12. Enterprise Financial Services shares last traded at $65.44, with a volume of 161,302 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Raymond James Financial raised their price target on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Wall Street Zen lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Piper Sandler lifted their target price on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Finally, Keefe, Bruyette & Woods boosted their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Enterprise Financial Services Trading Up 0.6%

The company has a market cap of $2.31 billion, a price-to-earnings ratio of 12.71 and a beta of 0.79. The firm has a 50-day moving average price of $65.50 and a 200 day moving average price of $60.63. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). The business had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%. As a group, sell-side analysts forecast that Enterprise Financial Services Corporation will post 5.31 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.35 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Enterprise Financial Services’s dividend payout ratio is 27.04%.

Institutional Investors Weigh In On Enterprise Financial Services

A number of hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in Enterprise Financial Services by 929.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after acquiring an additional 576 shares during the period. First Horizon Corp lifted its stake in shares of Enterprise Financial Services by 55.6% in the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock worth $38,000 after acquiring an additional 253 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Enterprise Financial Services in the second quarter worth approximately $60,000. 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 stake in shares of Enterprise Financial Services in the 1st quarter worth approximately $109,000. Institutional investors own 72.21% of the company’s stock.

About Enterprise Financial Services

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.