Keefe, Bruyette & Woods reissued their outperform rating on shares of Enterprise Financial Services (NASDAQ:EFSC - Free Report) in a report published on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a $70.00 price target on the bank's stock, up from their previous price target of $68.00.
Separately, Piper Sandler increased their target price on Enterprise Financial Services from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd.
Read Our Latest Stock Report on EFSC
Enterprise Financial Services Stock Up 0.3 %
NASDAQ:EFSC traded up $0.18 during midday trading on Wednesday, reaching $60.12. The company had a trading volume of 161,465 shares, compared to its average volume of 152,688. Enterprise Financial Services has a 12-month low of $37.28 and a 12-month high of $63.13. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 12.74 and a beta of 1.00. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock's fifty day simple moving average is $57.89 and its 200-day simple moving average is $54.04.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. On average, sell-side analysts anticipate that Enterprise Financial Services will post 4.77 earnings per share for the current fiscal year.
Enterprise Financial Services Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 14th. Enterprise Financial Services's dividend payout ratio (DPR) is 23.73%.
Insiders Place Their Bets
In related news, Director Richard Sanborn sold 100,000 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 40,950 shares in the company, valued at $2,438,982. This represents a 70.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc acquired a new position in Enterprise Financial Services in the 4th quarter valued at about $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 currently owned by institutional investors and hedge funds.
Enterprise Financial Services Company Profile
(
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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