Enterprise Financial Services (NASDAQ:EFSC – Free Report) had its price objective boosted by Piper Sandler from $58.00 to $62.00 in a research report report published on Wednesday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the bank’s stock.
Enterprise Financial Services Stock Performance
Enterprise Financial Services stock opened at $51.67 on Wednesday. Enterprise Financial Services has a fifty-two week low of $33.27 and a fifty-two week high of $54.88. The company has a 50 day moving average price of $51.30 and a 200-day moving average price of $45.18. The company has a market capitalization of $1.93 billion, a PE ratio of 10.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92.
Enterprise Financial Services Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 2.17%. Enterprise Financial Services’s payout ratio is currently 22.88%.
Institutional Inflows and Outflows
About Enterprise Financial Services
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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