Piper Sandler Lowers Enterprise Financial Services (NASDAQ:EFSC) Price Target to $47.00

Enterprise Financial Services (NASDAQ:EFSCGet Free Report) had its price objective cut by equities research analysts at Piper Sandler from $48.00 to $47.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Piper Sandler’s price target suggests a potential upside of 10.77% from the stock’s current price.

Separately, StockNews.com upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st.

Get Our Latest Analysis on EFSC

Enterprise Financial Services Stock Performance

NASDAQ:EFSC traded up $0.06 during trading hours on Wednesday, reaching $42.43. The company had a trading volume of 109,547 shares, compared to its average volume of 146,141. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.22. Enterprise Financial Services has a 52 week low of $32.97 and a 52 week high of $56.35. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 8.35 and a beta of 1.05. The firm’s 50 day moving average price is $42.59 and its 200-day moving average price is $40.07.

Enterprise Financial Services (NASDAQ:EFSCGet Free Report) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.07). The business had revenue of $212.99 million for the quarter, compared to analysts’ expectations of $153.59 million. Enterprise Financial Services had a return on equity of 12.76% and a net margin of 23.28%. During the same quarter in the prior year, the business earned $1.31 EPS. On average, analysts forecast that Enterprise Financial Services will post 4.53 EPS for the current year.

Insider Activity at Enterprise Financial Services

In related news, Director Richard Sanborn sold 2,100 shares of Enterprise Financial Services stock in a transaction on Friday, December 15th. The shares were sold at an average price of $45.00, for a total transaction of $94,500.00. Following the transaction, the director now owns 232,715 shares in the company, valued at approximately $10,472,175. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.80% of the stock is owned by corporate insiders.

Institutional Trading of Enterprise Financial Services

A number of large investors have recently made changes to their positions in EFSC. Public Employees Retirement System of Ohio grew its stake in Enterprise Financial Services by 48.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock worth $32,000 after acquiring an additional 237 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Enterprise Financial Services by 29.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,061 shares of the bank’s stock worth $52,000 after purchasing an additional 243 shares during the period. Jane Street Group LLC lifted its position in Enterprise Financial Services by 3.5% during the third quarter. Jane Street Group LLC now owns 7,269 shares of the bank’s stock valued at $320,000 after acquiring an additional 249 shares during the last quarter. Bank of Montreal Can lifted its position in Enterprise Financial Services by 5.0% during the second quarter. Bank of Montreal Can now owns 5,513 shares of the bank’s stock valued at $237,000 after acquiring an additional 265 shares during the last quarter. Finally, Buckingham Strategic Wealth LLC lifted its position in Enterprise Financial Services by 3.5% during the second quarter. Buckingham Strategic Wealth LLC now owns 7,903 shares of the bank’s stock valued at $309,000 after acquiring an additional 266 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

Enterprise Financial Services Company Profile

(Get Free Report)

Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. It offers checking, savings, and money market accounts, and certificates of deposit. The company also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.

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