Enterprise Financial Services (NASDAQ:EFSC) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Enterprise Financial Services Corp (NASDAQ:EFSC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $51.75 and traded as high as $56.03. Enterprise Financial Services shares last traded at $55.89, with a volume of 165,063 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Piper Sandler upped their target price on Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their price objective on Enterprise Financial Services from $59.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

Enterprise Financial Services Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 11.84 and a beta of 1.00. The business’s 50-day moving average price is $57.90 and its two-hundred day moving average price is $51.75.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.15. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. The company had revenue of $164.89 million during the quarter, compared to the consensus estimate of $157.56 million. Equities analysts expect that Enterprise Financial Services Corp will post 4.77 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 2.00%. Enterprise Financial Services’s dividend payout ratio is 23.73%.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of Enterprise Financial Services stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total value of $5,956,000.00. Following the transaction, the director now owns 40,950 shares in the company, valued at $2,438,982. This trade represents a 70.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EFSC. Parkside Financial Bank & Trust increased its stake in Enterprise Financial Services by 2.8% during the second quarter. Parkside Financial Bank & Trust now owns 8,133 shares of the bank’s stock worth $333,000 after acquiring an additional 224 shares during the last quarter. Arizona State Retirement System raised its holdings in Enterprise Financial Services by 2.2% in the second quarter. Arizona State Retirement System now owns 10,502 shares of the bank’s stock valued at $430,000 after buying an additional 228 shares during the period. Cornercap Investment Counsel Inc. lifted its position in Enterprise Financial Services by 0.8% during the second quarter. Cornercap Investment Counsel Inc. now owns 29,469 shares of the bank’s stock valued at $1,206,000 after buying an additional 229 shares in the last quarter. Quest Partners LLC lifted its position in Enterprise Financial Services by 4.8% during the second quarter. Quest Partners LLC now owns 10,851 shares of the bank’s stock valued at $444,000 after buying an additional 500 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of Enterprise Financial Services in the fourth quarter worth $29,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.