Enterprise Financial Services (NASDAQ:EFSC) Shares Cross Above 200 Day Moving Average of $40.33

Shares of Enterprise Financial Services Corp (NASDAQ:EFSC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.33 and traded as high as $41.19. Enterprise Financial Services shares last traded at $40.12, with a volume of 125,911 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EFSC. Keefe, Bruyette & Woods dropped their target price on shares of Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. DA Davidson lowered their price target on shares of Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Enterprise Financial Services Stock Performance

The stock has a market capitalization of $1.48 billion, a P/E ratio of 8.44 and a beta of 0.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 0.92. The company’s fifty day simple moving average is $38.95 and its two-hundred day simple moving average is $40.30.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, April 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). Enterprise Financial Services had a return on equity of 11.35% and a net margin of 20.60%. The business had revenue of $149.89 million for the quarter, compared to analyst estimates of $156.04 million. As a group, equities analysts forecast that Enterprise Financial Services Corp will post 4.32 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Friday, June 14th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.25. Enterprise Financial Services’s dividend payout ratio is presently 22.27%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EFSC. Rhumbline Advisers grew its position in shares of Enterprise Financial Services by 23.1% during the 3rd quarter. Rhumbline Advisers now owns 70,543 shares of the bank’s stock worth $2,645,000 after purchasing an additional 13,240 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Enterprise Financial Services by 263.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,469 shares of the bank’s stock worth $55,000 after acquiring an additional 1,065 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Enterprise Financial Services by 247.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 114,782 shares of the bank’s stock worth $4,304,000 after acquiring an additional 81,730 shares in the last quarter. Mariner LLC acquired a new stake in shares of Enterprise Financial Services during the 3rd quarter worth approximately $552,000. Finally, Federated Hermes Inc. boosted its position in shares of Enterprise Financial Services by 33.5% during the 3rd quarter. Federated Hermes Inc. now owns 5,546 shares of the bank’s stock worth $208,000 after acquiring an additional 1,393 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.