Enterprise Financial Services (NASDAQ:EFSC) PT Raised to $62.00 at Piper Sandler

Enterprise Financial Services (NASDAQ:EFSC) 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

Several large investors have recently modified their holdings of EFSC. Semanteon Capital Management LP purchased a new position in Enterprise Financial Services in the third quarter worth $267,000. DekaBank Deutsche Girozentrale grew its stake in Enterprise Financial Services by 55.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,317 shares of the bank’s stock worth $513,000 after buying an additional 3,691 shares during the last quarter. Creative Planning increased its position in Enterprise Financial Services by 18.4% during the 3rd quarter. Creative Planning now owns 43,832 shares of the bank’s stock valued at $2,247,000 after buying an additional 6,802 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Enterprise Financial Services in the third quarter valued at about $522,000. Finally, Point72 Asset Management L.P. boosted its holdings in Enterprise Financial Services by 61.9% in the second quarter. Point72 Asset Management L.P. now owns 9,391 shares of the bank’s stock worth $384,000 after acquiring an additional 3,591 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

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.