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 stock analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $70.00 target price on the bank’s stock, up from their previous target price of $68.00. Keefe, Bruyette & Woods’ target price suggests a potential upside of 16.43% from the company’s previous close.

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

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC opened at $60.12 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. Enterprise Financial Services has a 12 month low of $37.28 and a 12 month high of $63.13. The firm has a market capitalization of $2.23 billion, a P/E ratio of 12.74 and a beta of 1.00. The company’s fifty day moving average price is $57.89 and its 200 day moving average price is $54.04.

Enterprise Financial Services (NASDAQ:EFSC) last posted its 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 return on equity of 10.81% and a net margin of 19.73%. As a group, sell-side analysts predict that Enterprise Financial Services will post 4.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 40,950 shares in the company, valued at approximately $2,438,982. This represents a 70.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in Enterprise Financial Services in the 4th quarter valued at approximately $191,000. Empowered Funds LLC lifted its holdings in shares of Enterprise Financial Services by 5.1% in the 4th quarter. Empowered Funds LLC now owns 123,282 shares of the bank’s stock valued at $6,953,000 after buying an additional 5,954 shares during the period. Jennison Associates LLC lifted its holdings in shares of Enterprise Financial Services by 28.3% in the 4th quarter. Jennison Associates LLC now owns 566,780 shares of the bank’s stock valued at $31,966,000 after buying an additional 125,150 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Enterprise Financial Services by 7.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,141 shares of the bank’s stock valued at $403,000 after buying an additional 502 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new position in Enterprise Financial Services during the fourth quarter worth $29,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.