Enterprise Financial Services (NASDAQ:EFSC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Enterprise Financial Services (NASDAQ:EFSC) had its target price hoisted by research analysts at Keefe, Bruyette & Woods from $59.00 to $68.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 14.92% from the company’s current price.

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

Enterprise Financial Services Stock Performance

Shares of NASDAQ:EFSC traded up $0.15 on Wednesday, reaching $59.17. The company’s stock had a trading volume of 29,321 shares, compared to its average volume of 148,755. Enterprise Financial Services has a 52-week low of $37.28 and a 52-week high of $63.13. The stock has a market capitalization of $2.20 billion, a P/E ratio of 12.54 and a beta of 0.99. The stock’s 50-day moving average is $54.83 and its two-hundred day moving average is $48.81. 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 (NASDAQ:EFSC) last released its earnings results on Monday, October 21st. The bank reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. The company had revenue of $164.89 million during the quarter, compared to the consensus estimate of $157.56 million. As a group, sell-side analysts forecast that Enterprise Financial Services will post 4.77 EPS for the current year.

Insider Buying and Selling at Enterprise Financial Services

In related news, Director Richard Sanborn sold 100,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total value of $5,956,000.00. Following the completion of the transaction, the director now owns 40,950 shares in the company, valued at $2,438,982. This represents a 70.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Enterprise Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new position in shares of Enterprise Financial Services during the second quarter valued at $29,000. Innealta Capital LLC purchased a new position in Enterprise Financial Services during the second quarter valued at approximately $31,000. Quarry LP increased its stake in Enterprise Financial Services by 2,593.5% in the 3rd quarter. Quarry LP now owns 835 shares of the bank’s stock valued at $43,000 after buying an additional 804 shares during the period. Point72 DIFC Ltd purchased a new stake in Enterprise Financial Services in the 3rd quarter worth approximately $102,000. Finally, FMR LLC grew its holdings in shares of Enterprise Financial Services by 34.2% during the 3rd quarter. FMR LLC now owns 2,560 shares of the bank’s stock valued at $131,000 after acquiring an additional 653 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.