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

Enterprise Financial Services (NASDAQ:EFSC) had its price objective decreased by analysts at DA Davidson from $47.00 to $45.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. DA Davidson’s target price would suggest a potential upside of 15.71% from the company’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.

Other equities analysts also recently issued reports about the company. Piper Sandler lowered their price objective on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods lowered their price objective on Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Enterprise Financial Services has an average 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 stock has a 50-day simple moving average of $39.39 and a two-hundred day simple moving average of $40.04. Enterprise Financial Services has a 52-week low of $32.97 and a 52-week high of $46.17. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $1.46 billion, a PE ratio of 8.33 and a beta of 0.99.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results 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 return on equity of 11.50% and a net margin of 20.60%. The business had revenue of $166.18 million during the quarter, compared to analyst estimates of $157.53 million. Analysts forecast that Enterprise Financial Services will post 4.47 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in Enterprise Financial Services by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 411,413 shares of the bank’s stock worth $15,428,000 after purchasing an additional 16,069 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Enterprise Financial Services by 247.3% in the third quarter. Envestnet Asset Management Inc. now owns 114,782 shares of the bank’s stock worth $4,304,000 after purchasing an additional 81,730 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in Enterprise Financial Services by 22.6% in the third quarter. Qube Research & Technologies Ltd now owns 92,174 shares of the bank’s stock worth $3,457,000 after purchasing an additional 17,006 shares in the last quarter. Vanguard Group Inc. grew its stake in Enterprise Financial Services by 0.8% in the third quarter. Vanguard Group Inc. now owns 1,946,265 shares of the bank’s stock worth $72,985,000 after purchasing an additional 14,588 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Enterprise Financial Services by 11.5% in the third quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank’s stock worth $80,437,000 after purchasing an additional 220,690 shares in the last quarter. Institutional investors 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.