Enterprise Financial Services (EFSC) PT Raised to $61 at DA Davidson

DA Davidson analyst Jeffrey Rulis raised the price target on Enterprise Financial Services (NASDAQ: EFSC) to $61.00 (from $59.00) while maintaining a Buy rating.

The analyst comments "We are lifting our forward EPS estimates and target based on one of the more positive reports we've seen from banks thus far this quarter. Loan growth is building steam, expected NIM decline looks manageable and credit made solid progress. Additionally, solid TBV growth and another lift to the dividend rate are shareholder friendly. We reiterate our BUY rating on EFSC."

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