StockNews.com Lowers Enterprise Financial Services (NASDAQ:EFSC) to Hold

StockNews.com cut shares of Enterprise Financial Services (NASDAQ:EFSCGet Rating) from a buy rating to a hold rating in a research report released on Monday.

EFSC has been the subject of several other research reports. DA Davidson raised Enterprise Financial Services from a neutral rating to a buy rating and lifted their price target for the stock from $46.00 to $60.00 in a research note on Wednesday, October 26th. Piper Sandler increased their price target on shares of Enterprise Financial Services to $51.00 and gave the company an outperform rating in a research report on Wednesday, July 27th. Finally, Raymond James lifted their price target on shares of Enterprise Financial Services from $53.00 to $58.00 and gave the stock an outperform rating in a research note on Wednesday, October 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Enterprise Financial Services currently has a consensus rating of Moderate Buy and an average target price of $56.33.

Enterprise Financial Services Stock Performance

NASDAQ:EFSC opened at $52.65 on Monday. The stock has a market cap of $1.96 billion, a P/E ratio of 10.38 and a beta of 1.17. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $49.09 and its two-hundred day moving average price is $46.22. Enterprise Financial Services has a twelve month low of $39.63 and a twelve month high of $54.31.

Enterprise Financial Services (NASDAQ:EFSCGet Rating) last announced its earnings results on Tuesday, October 25th. The bank reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.08. Enterprise Financial Services had a net margin of 36.51% and a return on equity of 13.91%. During the same period in the prior year, the company earned $1.27 EPS. As a group, equities analysts predict that Enterprise Financial Services will post 5.08 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be issued a $0.24 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, December 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.82%. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 18.15%.

Institutional Investors Weigh In On Enterprise Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of Enterprise Financial Services by 1.9% in the third quarter. Victory Capital Management Inc. now owns 11,499 shares of the bank’s stock valued at $506,000 after acquiring an additional 213 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Enterprise Financial Services by 48.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock worth $32,000 after buying an additional 237 shares during the period. Jane Street Group LLC grew its position in shares of Enterprise Financial Services by 3.5% in the 3rd quarter. Jane Street Group LLC now owns 7,269 shares of the bank’s stock worth $320,000 after buying an additional 249 shares during the last quarter. Bank of Montreal Can grew its position in shares of Enterprise Financial Services by 5.0% in the 2nd quarter. Bank of Montreal Can now owns 5,513 shares of the bank’s stock worth $237,000 after buying an additional 265 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in shares of Enterprise Financial Services by 46.0% during the second quarter. Harbor Investment Advisory LLC now owns 895 shares of the bank’s stock valued at $37,000 after buying an additional 282 shares during the period. 69.03% of the stock is currently owned by institutional investors.

Enterprise Financial Services Company Profile

(Get Rating)

Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers checking, savings, and money market accounts, and certificates of deposit. It also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.

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