Enterprise Financial Services (NASDAQ:EFSC) Price Target Cut to $45.00 by Analysts at DA Davidson

Enterprise Financial Services (NASDAQ:EFSC) had its price target reduced by DA Davidson from $47.00 to $45.00 in a research note published on Wednesday, Benzinga reports. DA Davidson currently has a buy rating on the bank’s stock.

Other equities analysts have also recently issued reports about the company. Piper Sandler reduced their price target 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. Keefe, Bruyette & Woods decreased their price target on Enterprise Financial Services from $51.00 to $49.00 and set an outperform rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $47.75.

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC opened at $39.13 on Wednesday. The firm has a market capitalization of $1.47 billion, a PE ratio of 8.38 and a beta of 0.99. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $39.40 and a two-hundred day moving average price of $40.04. Enterprise Financial Services has a twelve month low of $32.97 and a twelve month high of $46.17.

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

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.26 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Friday, June 14th. Enterprise Financial Services’s dividend payout ratio is currently 21.41%.

Institutional Trading of Enterprise Financial Services

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in Enterprise Financial Services by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 411,413 shares of the bank’s stock valued at $15,428,000 after purchasing an additional 16,069 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Enterprise Financial Services by 247.3% in the third quarter. Envestnet Asset Management Inc. now owns 114,782 shares of the bank’s stock worth $4,304,000 after acquiring an additional 81,730 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Enterprise Financial Services by 22.6% in the third quarter. Qube Research & Technologies Ltd now owns 92,174 shares of the bank’s stock valued at $3,457,000 after acquiring an additional 17,006 shares during the last quarter. Vanguard Group Inc. raised its position in Enterprise Financial Services by 0.8% during the third quarter. Vanguard Group Inc. now owns 1,946,265 shares of the bank’s stock valued at $72,985,000 after purchasing an additional 14,588 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Enterprise Financial Services by 11.5% during the third quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank’s stock worth $80,437,000 after purchasing an additional 220,690 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Company Profile

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.