Enterprise Financial Services (NASDAQ:EFSC) Reaches New 12-Month High – Should You Buy?

Enterprise Financial Services Corp (NASDAQ:EFSC) reached a new 52-week high during trading on Wednesday . The company traded as high as $58.35 and last traded at $58.35, with a volume of 41517 shares traded. The stock had previously closed at $53.41.

Analyst Ratings Changes

Separately, Piper Sandler raised their price target 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.

Enterprise Financial Services Stock Performance

The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 11.32 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50-day moving average of $51.57 and a 200-day moving average of $45.95.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.28 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.12 annualized dividend and a dividend yield of 1.90%. Enterprise Financial Services’s dividend payout ratio is presently 22.88%.

Hedge Funds Weigh In On Enterprise Financial Services

A number of large investors have recently made changes to their positions in EFSC. nVerses Capital LLC bought a new stake in Enterprise Financial Services during the second quarter valued at $29,000. Innealta Capital LLC purchased a new stake in Enterprise Financial Services during the second quarter valued at about $31,000. EntryPoint Capital LLC raised its position in Enterprise Financial Services by 87.4% during the first quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock valued at $159,000 after purchasing an additional 1,831 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Enterprise Financial Services during the first quarter valued at about $178,000. Finally, Allspring Global Investments Holdings LLC raised its position in Enterprise Financial Services by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock valued at $178,000 after purchasing an additional 370 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

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.