Enterprise Financial Services (NASDAQ:EFSC) Shares Pass Above Two Hundred Day Moving Average of $41.19

Enterprise Financial Services Corp (NASDAQ:EFSC) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $41.19 and traded as high as $50.53. Enterprise Financial Services shares last traded at $50.43, with a volume of 59,853 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of Enterprise Financial Services from $45.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods lowered their price target on shares of Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Finally, DA Davidson lowered their target price on Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th.

Enterprise Financial Services Stock Up 1.2 %

The firm’s 50 day moving average is $44.67 and its 200-day moving average is $41.19. The firm has a market cap of $1.89 billion, a PE ratio of 10.80 and a beta of 0.98. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.15. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%. The company had revenue of $156.02 million during the quarter, compared to the consensus estimate of $153.41 million. As a group, equities research analysts expect that Enterprise Financial Services Corp will post 4.6 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, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.14%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, September 16th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 23.13%.

Insider Buying and Selling at Enterprise Financial Services

In other news, Director Richard Sanborn sold 94,815 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the transaction, the director now directly owns 139,460 shares in the company, valued at approximately $7,493,185.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Institutional Trading of Enterprise Financial Services

A number of institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in Enterprise Financial Services in the second quarter valued at $29,000. Innealta Capital LLC acquired a new position in shares of Enterprise Financial Services in the 2nd quarter valued at about $31,000. EntryPoint Capital LLC grew its holdings in shares of Enterprise Financial Services by 87.4% during the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock worth $159,000 after purchasing an additional 1,831 shares during the period. Allspring Global Investments Holdings LLC increased its position in Enterprise Financial Services by 9.2% during 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 purchased a new position in Enterprise Financial Services in the first quarter valued at approximately $178,000. 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.