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

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) have been assigned a consensus rating of “Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $69.20.

A number of research firms have recently issued reports on EFSC. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Piper Sandler upgraded Enterprise Financial Services from a “neutral” rating to an “overweight” rating and set a $64.00 target price for the company in a research report on Friday. Stephens started coverage on Enterprise Financial Services in a research report on Friday, September 18th. They issued an “equal weight” rating and a $70.00 price target on the stock. Benchmark raised Enterprise Financial Services to a “strong-buy” rating in a report on Wednesday, September 23rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, July 24th.

Enterprise Financial Services Stock Up 1.5%

EFSC opened at $62.28 on Tuesday. Enterprise Financial Services has a twelve month low of $51.18 and a twelve month high of $68.73. The firm has a market cap of $2.25 billion, a P/E ratio of 12.51 and a beta of 0.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50 day moving average price of $61.71 and a 200 day moving average price of $60.45.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Wednesday, October 21st. The bank reported $1.17 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.21). Enterprise Financial Services had a return on equity of 9.52% and a net margin of 18.83%. The firm had revenue of $192.53 million during the quarter, compared to the consensus estimate of $193.09 million. Research analysts forecast that Enterprise Financial Services will post 5.21 EPS for the current year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, December 15th. Enterprise Financial Services’s dividend payout ratio is presently 28.11%.

Institutional Investors Weigh In On Enterprise Financial Services

Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its holdings in Enterprise Financial Services by 57.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,216 shares of the bank’s stock worth $72,000 after purchasing an additional 444 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Enterprise Financial Services by 56.2% in the third quarter. GAMMA Investing LLC now owns 564 shares of the bank’s stock valued at $33,000 after purchasing an additional 203 shares in the last quarter. Versant Capital Management Inc increased its stake in Enterprise Financial Services by 66.3% in the 3rd quarter. Versant Capital Management Inc now owns 850 shares of the bank’s stock valued at $50,000 after buying an additional 339 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at approximately $509,000. Finally, Engineers Gate Manager LP raised its stake in Enterprise Financial Services by 221.4% in the 2nd quarter. Engineers Gate Manager LP now owns 16,037 shares of the bank’s stock valued at $1,057,000 after acquiring an additional 11,047 shares during the period. Institutional investors own 72.21% of the company’s stock.

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, institutions and individuals.

The company offers commercial and small-business lending, deposit accounts, treasury management, private banking, wealth management, trust and estate services, and other financial solutions. Its commercial banking capabilities include financing for working capital, equipment, real estate and business expansion.

Enterprise Bank & Trust serves customers through banking markets that include St.