Enterprise Financial Services (NASDAQ:EFSC) Shares Gap Up - Should You Buy?

Enterprise Financial Services Corp (NASDAQ:EFSC - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $51.54, but opened at $53.25. Enterprise Financial Services shares last traded at $52.54, with a volume of 26,332 shares traded.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their price target on Enterprise Financial Services from $45.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th.

Enterprise Financial Services Stock Up 2.8 %

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.99 billion, a PE ratio of 11.34 and a beta of 0.97. The firm has a 50-day moving average of $51.00 and a two-hundred day moving average of $44.84.

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

Insider Buying and Selling

In other Enterprise Financial Services news, Director Richard Sanborn sold 94,815 shares of the company's stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the transaction, the director now directly owns 139,460 shares in the company, valued at $7,493,185.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EFSC. F M Investments LLC acquired a new stake in Enterprise Financial Services during the 2nd quarter worth approximately $8,884,000. American Century Companies Inc. increased its position in shares of Enterprise Financial Services by 19.1% during the second quarter. American Century Companies Inc. now owns 655,490 shares of the bank's stock worth $26,816,000 after acquiring an additional 104,960 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Enterprise Financial Services by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank's stock valued at $85,257,000 after acquiring an additional 71,502 shares in the last quarter. Earnest Partners LLC boosted its holdings in Enterprise Financial Services by 3.2% in the second quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank's stock valued at $80,019,000 after purchasing an additional 59,809 shares during the period. Finally, Vanguard Group Inc. grew its stake in Enterprise Financial Services by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank's stock worth $89,070,000 after purchasing an additional 48,583 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

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.