Enterprise Financial Services (NASDAQ:EFSC) Price Target Raised to $70.00 at DA Davidson

Enterprise Financial Services (NASDAQ:EFSC) had its price objective upped by DA Davidson from $67.00 to $70.00 in a research report released on Wednesday,Benzinga reports. DA Davidson currently has a buy rating on the bank’s stock. DA Davidson also issued estimates for Enterprise Financial Services’ Q1 2025 earnings at $1.24 EPS and FY2025 earnings at $5.20 EPS.

Several other equities analysts have also recently issued reports on the stock. Piper Sandler upped their target price on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $70.00 target price (up previously from $68.00) on shares of Enterprise Financial Services in a report on Wednesday.

Enterprise Financial Services Trading Down 0.5 %

NASDAQ:EFSC opened at $59.84 on Wednesday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 12.36 and a beta of 1.00. 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 company’s 50 day moving average price is $57.88 and its 200-day moving average price is $54.15. Enterprise Financial Services has a 52 week low of $37.28 and a 52 week high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, January 27th. The bank reported $1.32 EPS for the quarter, beating the consensus estimate of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. On average, equities research analysts forecast that Enterprise Financial Services will post 4.69 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.94%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.28. Enterprise Financial Services’s dividend payout ratio is presently 23.14%.

Insider Transactions at Enterprise Financial Services

In other news, Director Richard Sanborn sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was 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 directly 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 SEC, which is available at this link. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Enterprise Financial Services

Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its position in shares of Enterprise Financial Services by 16.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,545,092 shares of the bank’s stock valued at $181,721,000 after buying an additional 505,552 shares in the last quarter. Jennison Associates LLC lifted its holdings in Enterprise Financial Services by 28.3% during the fourth quarter. Jennison Associates LLC now owns 566,780 shares of the bank’s stock valued at $31,966,000 after purchasing an additional 125,150 shares in the last quarter. Foundry Partners LLC boosted its position in shares of Enterprise Financial Services by 1,856.8% in the third quarter. Foundry Partners LLC now owns 130,869 shares of the bank’s stock worth $6,708,000 after purchasing an additional 124,181 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of Enterprise Financial Services in the third quarter worth $6,095,000. Finally, Barclays PLC raised its position in shares of Enterprise Financial Services by 73.3% during the 3rd quarter. Barclays PLC now owns 83,910 shares of the bank’s stock valued at $4,302,000 after purchasing an additional 35,484 shares during the period. 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.