Enterprise Financial Services (NASDAQ:EFSC) Earns Outperform Rating from Keefe, Bruyette & Woods

Enterprise Financial Services (NASDAQ:EFSC)‘s stock had its “outperform” rating restated by research analysts at Keefe, Bruyette & Woods in a note issued to investors on Wednesday,Benzinga reports. They currently have a $70.00 price target on the bank’s stock, up from their previous price target of $68.00. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 15.02% from the company’s current price.

Separately, Piper Sandler boosted their price target on Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd.

Enterprise Financial Services Stock Performance

Shares of EFSC traded up $0.82 during trading hours on Wednesday, hitting $60.86. The company had a trading volume of 19,976 shares, compared to its average volume of 143,411. The business has a fifty day moving average of $57.87 and a 200-day moving average of $53.96. 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 firm has a market cap of $2.26 billion, a price-to-earnings ratio of 12.90 and a beta of 1.00. Enterprise Financial Services has a 12 month low of $37.28 and a 12 month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.14. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. Equities analysts anticipate that Enterprise Financial Services will post 4.77 EPS for the current fiscal year.

Insider Transactions at Enterprise Financial Services

In other news, Director Richard Sanborn sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total transaction of $5,956,000.00. Following the completion of the sale, the director now 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in shares of Enterprise Financial Services in the 4th quarter valued at $29,000. Quarry LP grew its position in Enterprise Financial Services by 2,593.5% in the third quarter. Quarry LP now owns 835 shares of the bank’s stock valued at $43,000 after acquiring an additional 804 shares during the last quarter. Point72 DIFC Ltd bought a new position in Enterprise Financial Services in the third quarter valued at about $102,000. FMR LLC raised its stake in Enterprise Financial Services by 34.2% during the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock worth $131,000 after acquiring an additional 653 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Enterprise Financial Services by 169.7% in the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock worth $177,000 after acquiring an additional 2,172 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.