Enterprise Financial Services (NASDAQ:EFSC) Given New $62.00 Price Target at Piper Sandler

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) had its target price upped by Piper Sandler from $58.00 to $62.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the bank's stock. Piper Sandler's price objective would indicate a potential upside of 16.98% from the company's previous close.

Enterprise Financial Services Stock Up 0.0 %

Shares of Enterprise Financial Services stock traded up $0.02 during midday trading on Wednesday, hitting $53.00. The company had a trading volume of 162,342 shares, compared to its average volume of 143,624. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $1.99 billion, a P/E ratio of 11.35 and a beta of 0.97. The company has a 50 day moving average of $51.09 and a 200 day moving average of $44.94. Enterprise Financial Services has a 52-week low of $32.97 and a 52-week high of $54.88.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its earnings results on Monday, July 22nd. The bank reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%. The business had revenue of $156.02 million for the quarter, compared to the consensus estimate of $153.41 million. On average, equities analysts predict that Enterprise Financial Services will post 4.58 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Richard Sanborn sold 94,815 shares of the business's stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $53.73, for a total value of $5,094,409.95. Following the sale, the director now owns 139,460 shares in the company, valued at approximately $7,493,185.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC purchased a new position in shares of Enterprise Financial Services in the 2nd quarter valued at approximately $29,000. Innealta Capital LLC purchased a new position in Enterprise Financial Services during the 2nd quarter worth approximately $31,000. EntryPoint Capital LLC raised its position in Enterprise Financial Services by 87.4% during the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank's stock worth $159,000 after buying an additional 1,831 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Enterprise Financial Services by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank's stock worth $178,000 after purchasing an additional 370 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Enterprise Financial Services during the 1st quarter worth approximately $178,000. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Company Profile

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.