Enterprise Financial Services Corp (NASDAQ:EFSC – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.33 and traded as high as $41.19. Enterprise Financial Services shares last traded at $40.12, with a volume of 125,911 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. DA Davidson cut their target price on shares of Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.00.
Read Our Latest Stock Report on EFSC
Enterprise Financial Services Stock Performance
The firm’s fifty day moving average is $38.92 and its 200 day moving average is $40.33. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 8.59 and a beta of 0.99. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.92.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last issued its earnings results on Monday, April 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). Enterprise Financial Services had a net margin of 20.60% and a return on equity of 11.35%. The company had revenue of $149.89 million for the quarter, compared to analyst estimates of $156.04 million. On average, analysts predict that Enterprise Financial Services Corp will post 4.32 EPS for the current fiscal year.
Enterprise Financial Services Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.26 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.59%. The ex-dividend date was Friday, June 14th. Enterprise Financial Services’s dividend payout ratio is presently 22.27%.
Institutional Trading of Enterprise Financial Services
Several large investors have recently added to or reduced their stakes in EFSC. Wellington Management Group LLP lifted its holdings in Enterprise Financial Services by 11.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank’s stock worth $80,437,000 after purchasing an additional 220,690 shares during the last quarter. Jennison Associates LLC raised its position in shares of Enterprise Financial Services by 34.3% in the fourth quarter. Jennison Associates LLC now owns 411,256 shares of the bank’s stock valued at $18,363,000 after purchasing an additional 105,004 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Enterprise Financial Services by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank’s stock worth $85,387,000 after buying an additional 99,703 shares during the period. Envestnet Asset Management Inc. grew its stake in Enterprise Financial Services by 247.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 114,782 shares of the bank’s stock valued at $4,304,000 after buying an additional 81,730 shares during the last quarter. Finally, Enterprise Financial Services Corp lifted its position in Enterprise Financial Services by 16.8% during the 4th quarter. Enterprise Financial Services Corp now owns 404,058 shares of the bank’s stock worth $18,041,000 after acquiring an additional 58,027 shares during the last quarter. 72.21% of the stock is owned by institutional investors.
About Enterprise Financial Services
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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