Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) – Analysts at DA Davidson boosted their FY2025 earnings estimates for Enterprise Financial Services in a research note issued on Wednesday, January 29th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $5.20 per share for the year, up from their previous forecast of $4.60. DA Davidson has a “Buy” rating and a $70.00 price objective on the stock. The consensus estimate for Enterprise Financial Services’ current full-year earnings is $4.69 per share.
Other equities analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $70.00 price objective (up from $68.00) on shares of Enterprise Financial Services in a report on Wednesday. Piper Sandler increased their price target on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd.
Enterprise Financial Services Trading Down 0.5 %
Shares of EFSC stock opened at $59.84 on Friday. The business has a 50-day moving average price of $57.88 and a two-hundred day moving average price of $54.20. Enterprise Financial Services has a 12-month low of $37.28 and a 12-month high of $63.13. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.22 billion, a P/E ratio of 12.36 and a beta of 1.00.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%.
Enterprise Financial Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.94%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.28. Enterprise Financial Services’s payout ratio is currently 23.97%.
Insider Activity
In other news, Director Richard Sanborn sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total value of $5,956,000.00. Following the transaction, the director now owns 40,950 shares in the company, valued at approximately $2,438,982. This trade represents a 70.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Enterprise Financial Services
Several institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its position in shares of Enterprise Financial Services by 48.4% in the fourth quarter. New York State Common Retirement Fund now owns 67,186 shares of the bank’s stock valued at $3,789,000 after acquiring an additional 21,922 shares during the period. Peregrine Capital Management LLC increased its holdings in Enterprise Financial Services by 9.9% during the 4th quarter. Peregrine Capital Management LLC now owns 106,030 shares of the bank’s stock valued at $5,980,000 after purchasing an additional 9,565 shares during the period. Principal Financial Group Inc. increased its holdings in Enterprise Financial Services by 7.0% during the 4th quarter. Principal Financial Group Inc. now owns 17,252 shares of the bank’s stock valued at $973,000 after purchasing an additional 1,128 shares during the period. New York State Teachers Retirement System bought a new position in Enterprise Financial Services during the 4th quarter valued at approximately $191,000. Finally, Empowered Funds LLC lifted its holdings in Enterprise Financial Services by 5.1% in the 4th quarter. Empowered Funds LLC now owns 123,282 shares of the bank’s stock worth $6,953,000 after buying an additional 5,954 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.
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.
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