Enterprise Financial Services (NASDAQ:EFSC) Given New $70.00 Price Target at DA Davidson

Enterprise Financial Services (NASDAQ:EFSCGet Free Report) had its price objective boosted by analysts at DA Davidson from $67.00 to $70.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. DA Davidson’s target price indicates a potential upside of 16.43% from the company’s current price. DA Davidson also issued estimates for Enterprise Financial Services’ Q1 2025 earnings at $1.24 EPS.

Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday. Piper Sandler boosted their price objective on Enterprise Financial Services from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd.

View Our Latest Research Report on EFSC

Enterprise Financial Services Stock Up 0.3 %

Shares of Enterprise Financial Services stock opened at $60.12 on Wednesday. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 12.74 and a beta of 1.00. Enterprise Financial Services has a twelve month low of $37.28 and a twelve month high of $63.13. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The business’s 50 day simple moving average is $57.89 and its 200-day simple moving average is $54.04.

Enterprise Financial Services (NASDAQ:EFSCGet Free Report) last issued its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. Equities research analysts forecast that Enterprise Financial Services will post 4.77 earnings per share for the current year.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total transaction of $5,956,000.00. Following the completion of the transaction, the director now directly owns 40,950 shares of the company’s stock, valued at approximately $2,438,982. This trade represents a 70.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Enterprise Financial Services

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in Enterprise Financial Services in the fourth quarter worth about $29,000. Quarry LP raised its holdings in shares of Enterprise Financial Services by 2,593.5% in the 3rd quarter. Quarry LP now owns 835 shares of the bank’s stock worth $43,000 after purchasing an additional 804 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Enterprise Financial Services during the third quarter valued at approximately $102,000. FMR LLC boosted its holdings in Enterprise Financial Services by 34.2% during the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock worth $131,000 after buying an additional 653 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Enterprise Financial Services by 169.7% in the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock valued at $177,000 after buying an additional 2,172 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Company Profile

(Get Free Report)

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.

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