Piper Sandler Raises Enterprise Financial Services (NASDAQ:EFSC) Price Target to $62.00

Enterprise Financial Services (NASDAQ:EFSC) had its price target boosted by Piper Sandler from $58.00 to $62.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an overweight rating on the bank’s stock.

Enterprise Financial Services Stock Down 2.7 %

NASDAQ EFSC opened at $51.67 on Wednesday. Enterprise Financial Services has a 52 week low of $33.27 and a 52 week high of $54.88. 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 $1.94 billion, a P/E ratio of 11.06 and a beta of 0.97. The stock’s 50-day moving average price is $51.30 and its 200-day moving average price is $45.14.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.28 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, December 16th. Enterprise Financial Services’s dividend payout ratio is presently 23.98%.

Institutional Trading of Enterprise Financial Services

Several institutional investors and hedge funds have recently modified their holdings of EFSC. nVerses Capital LLC purchased a new stake in Enterprise Financial Services in the 2nd quarter worth $29,000. Innealta Capital LLC purchased a new stake in shares of Enterprise Financial Services during the second quarter worth about $31,000. EntryPoint Capital LLC raised its stake in Enterprise Financial Services by 87.4% during the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock valued at $159,000 after purchasing an additional 1,831 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Enterprise Financial Services by 9.2% in 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 in the last quarter. Finally, SG Americas Securities LLC bought a new position in Enterprise Financial Services in 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.