Keefe, Bruyette & Woods Trims Enterprise Financial Services (NASDAQ:EFSC) Target Price to $49.00

Enterprise Financial Services (NASDAQ:EFSC) had its price target cut by Keefe, Bruyette & Woods from $51.00 to $49.00 in a research note published on Wednesday, Benzinga reports. They currently have an outperform rating on the bank’s stock.

Separately, Piper Sandler reduced their target price 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Enterprise Financial Services currently has an average rating of Moderate Buy and an average target price of $47.00.

Enterprise Financial Services Stock Performance

NASDAQ:EFSC opened at $38.80 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 0.92. Enterprise Financial Services has a 52-week low of $32.97 and a 52-week high of $46.17. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 8.31 and a beta of 0.99. The business’s fifty day moving average is $39.35 and its 200 day moving average is $40.03.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.68%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, June 14th. Enterprise Financial Services’s payout ratio is presently 21.41%.

Hedge Funds Weigh In On Enterprise Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Enterprise Financial Services by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock worth $178,000 after purchasing an additional 370 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Enterprise Financial Services by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank’s stock worth $89,070,000 after purchasing an additional 48,583 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Enterprise Financial Services by 7.0% in the 4th quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank’s stock worth $102,472,000 after purchasing an additional 150,023 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Enterprise Financial Services in the 4th quarter worth about $216,000. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Enterprise Financial Services by 31.4% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 44,155 shares of the bank’s stock worth $1,972,000 after purchasing an additional 10,545 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.