DA Davidson Lowers Enterprise Financial Services (NASDAQ:EFSC) Price Target to $45.00

Enterprise Financial Services (NASDAQ:EFSC) had its target price dropped by equities researchers at DA Davidson from $47.00 to $45.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. DA Davidson’s price target suggests a potential upside of 15.71% from the stock’s current price. DA Davidson also issued estimates for Enterprise Financial Services’ Q2 2024 earnings at $1.11 EPS, FY2024 earnings at $4.55 EPS and FY2025 earnings at $4.60 EPS.

Several other equities research analysts also recently weighed in on EFSC. Piper Sandler decreased their target price on shares of Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods decreased their target price on shares of Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Enterprise Financial Services currently has a consensus rating of “Moderate Buy” and an average price target of $47.75.

Enterprise Financial Services Stock Performance

NASDAQ EFSC opened at $38.89 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Financial Services has a 1 year low of $32.97 and a 1 year high of $46.17. The company has a market capitalization of $1.46 billion, a PE ratio of 8.33 and a beta of 0.99. The company has a fifty day moving average of $39.39 and a two-hundred day moving average of $40.04.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, January 22nd. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.02. Enterprise Financial Services had a net margin of 20.60% and a return on equity of 11.50%. The company had revenue of $166.18 million during the quarter, compared to the consensus estimate of $157.53 million. As a group, analysts expect that Enterprise Financial Services will post 4.47 earnings per share for the current year.

Institutional Investors Weigh In On Enterprise Financial Services

A number of hedge funds have recently added to or reduced their stakes in the company. Claris Advisors LLC MO lifted its position in Enterprise Financial Services by 5.7% in the third quarter. Claris Advisors LLC MO now owns 5,605 shares of the bank’s stock valued at $210,000 after purchasing an additional 302 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Enterprise Financial Services by 8.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,010 shares of the bank’s stock valued at $179,000 after purchasing an additional 324 shares during the period. Strs Ohio lifted its position in Enterprise Financial Services by 9.5% in the fourth quarter. Strs Ohio now owns 4,600 shares of the bank’s stock valued at $205,000 after purchasing an additional 400 shares during the period. Mutual Advisors LLC lifted its position in Enterprise Financial Services by 2.9% in the third quarter. Mutual Advisors LLC now owns 25,068 shares of the bank’s stock valued at $940,000 after purchasing an additional 703 shares during the period. Finally, Swiss National Bank lifted its position in Enterprise Financial Services by 1.0% in the third quarter. Swiss National Bank now owns 82,064 shares of the bank’s stock valued at $3,077,000 after purchasing an additional 800 shares during the period. 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.