Enterprise Financial Services Corp (NASDAQ:EFSC - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $51.75 and traded as high as $56.03. Enterprise Financial Services shares last traded at $55.89, with a volume of 165,063 shares changing hands.
Analysts Set New Price Targets
A number of research firms have commented on EFSC. Keefe, Bruyette & Woods lifted their target price on shares of Enterprise Financial Services from $59.00 to $68.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Piper Sandler lifted their price objective on Enterprise Financial Services from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd.
Get Our Latest Research Report on Enterprise Financial Services
Enterprise Financial Services Stock Performance
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 stock has a market cap of $2.08 billion, a price-to-earnings ratio of 11.84 and a beta of 1.00. The stock's fifty day moving average is $57.90 and its 200-day moving average is $51.85.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.15. The company had revenue of $164.89 million during the quarter, compared to analyst estimates of $157.56 million. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. On average, analysts forecast that Enterprise Financial Services Corp will post 4.77 EPS for the current year.
Enterprise Financial Services Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.00%. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.27. Enterprise Financial Services's dividend payout ratio (DPR) is currently 23.73%.
Insider Activity at Enterprise Financial Services
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 transaction, the director now directly owns 40,950 shares of the company's stock, valued at approximately $2,438,982. This represents a 70.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is owned by insiders.
Institutional Trading of Enterprise Financial Services
Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in Enterprise Financial Services in the 4th quarter valued at approximately $29,000. nVerses Capital LLC acquired a new stake in shares of Enterprise Financial Services in the second quarter valued at about $29,000. Quarry LP raised its holdings in 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 acquiring an additional 804 shares in the last quarter. Point72 DIFC Ltd bought a new position in Enterprise Financial Services in the third quarter valued at approximately $102,000. Finally, FMR LLC increased its position in shares of Enterprise Financial Services by 34.2% during the 3rd quarter. FMR LLC now owns 2,560 shares of the bank's stock worth $131,000 after purchasing an additional 653 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.
Enterprise Financial Services Company Profile
(
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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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