Piper Sandler analyst Andrew Liesch lowered the firm’s price target on Enterprise Financial (EFSC) to $60 from $65 and keeps an Overweight rating on the shares following quarterly results. The firm says its most notable model changes are a stronger margin forecast, slightly higher fee income, and a larger expense base. Piper is also incorporating the First Interstate branch deal into its model, which is roughly 5% accretive to its 2026 EPS estimate, with a chance for more depending on the pace of loan growth.
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Read More on EFSC:
- Enterprise Financial price target lowered to $66 from $69 at Keefe Bruyette
- Enterprise Financial Services Reports Strong Q1 2025 Results
- Enterprise Financial Services Announces Leadership Transition
- Enterprise signs purchase and assumption pact with First Interstate
- Enterprise Financial reports Q1 EPS $1.31, consensus $1.17