Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) - Equities researchers at DA Davidson upped their FY2025 earnings per share estimates for shares of Enterprise Financial Services in a research report issued on Wednesday, January 29th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $5.20 per share for the year, up from their prior estimate of $4.60. DA Davidson currently has a "Buy" rating and a $70.00 target price on the stock. The consensus estimate for Enterprise Financial Services' current full-year earnings is $4.84 per share.
Several other equities analysts also recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th. Piper Sandler lifted their price objective on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd.
Check Out Our Latest Stock Analysis on Enterprise Financial Services
Enterprise Financial Services Trading Up 2.9 %
Shares of EFSC traded up $1.70 during midday trading on Friday, hitting $60.57. 121,039 shares of the stock were exchanged, compared to its average volume of 148,921. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $2.25 billion, a P/E ratio of 12.51 and a beta of 0.99. Enterprise Financial Services has a 52-week low of $37.28 and a 52-week high of $63.13. The stock has a fifty day simple moving average of $57.83 and a 200 day simple moving average of $54.33.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The bank reported $1.32 EPS for the quarter, topping the consensus estimate of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%.
Hedge Funds Weigh In On Enterprise Financial Services
Institutional investors have recently modified their holdings of the business. Versant Capital Management Inc acquired a new position in Enterprise Financial Services in the fourth quarter valued at $29,000. Quarry LP raised its stake in shares of Enterprise Financial Services by 2,593.5% during the third quarter. Quarry LP now owns 835 shares of the bank's stock worth $43,000 after purchasing an additional 804 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Enterprise Financial Services during the third quarter worth $102,000. FMR LLC grew its position in Enterprise Financial Services by 34.2% in the 3rd quarter. FMR LLC now owns 2,560 shares of the bank's stock valued at $131,000 after buying an additional 653 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Enterprise Financial Services by 169.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank's stock valued at $177,000 after buying an additional 2,172 shares during the period. 72.21% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of Enterprise Financial Services stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total transaction of $5,956,000.00. Following the transaction, the director now owns 40,950 shares of the company's stock, valued at $2,438,982. The trade was a 70.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company's stock.
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 given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. Enterprise Financial Services's payout ratio is currently 23.14%.
About Enterprise Financial Services
(
Get Free Report)
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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