According to Zacks, “Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis and Kansas City, with a primary focus on serving the needs of privately held businesses, their owners and other success-minded individuals. “
EFSC has been the subject of a number of other reports. Keefe, Bruyette & Woods upped their price target on shares of Enterprise Financial Services Corp. from $30.00 to $31.00 and gave the company a market perform rating in a report on Friday, July 29th. Piper Jaffray Cos. started coverage on shares of Enterprise Financial Services Corp. in a report on Monday, July 11th. They issued an overweight rating and a $31.25 price target for the company. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $31.81.
Enterprise Financial Services Corp. (NASDAQ:EFSC) opened at 31.00 on Monday. Enterprise Financial Services Corp. has a 12 month low of $24.54 and a 12 month high of $31.96. The firm’s 50-day moving average is $30.86 and its 200-day moving average is $28.38. The firm has a market capitalization of $620.56 million, a PE ratio of 14.43 and a beta of 0.78.
Enterprise Financial Services Corp. (NASDAQ:EFSC) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.04. Enterprise Financial Services Corp. had a net margin of 26.51% and a return on equity of 12.11%. On average, equities research analysts expect that Enterprise Financial Services Corp. will post $2.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.42%. The ex-dividend date was Tuesday, September 13th. This is an increase from Enterprise Financial Services Corp.’s previous quarterly dividend of $0.10. Enterprise Financial Services Corp.’s payout ratio is presently 20.47%.
In other Enterprise Financial Services Corp. news, Director James Murphy sold 20,000 shares of the business’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $26.48, for a total transaction of $529,600.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 6.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Cortina Asset Management LLC increased its stake in Enterprise Financial Services Corp. by 9.5% in the second quarter. Cortina Asset Management LLC now owns 207,668 shares of the company’s stock valued at $5,792,000 after buying an additional 18,046 shares during the last quarter. First Quadrant L P CA increased its stake in Enterprise Financial Services Corp. by 69.0% in the second quarter. First Quadrant L P CA now owns 4,900 shares of the company’s stock valued at $137,000 after buying an additional 2,000 shares during the last quarter. Royal Bank of Canada increased its stake in Enterprise Financial Services Corp. by 21,048.1% in the first quarter. Royal Bank of Canada now owns 5,710 shares of the company’s stock valued at $155,000 after buying an additional 5,683 shares during the last quarter. Virginia Retirement System bought a new stake in Enterprise Financial Services Corp. during the first quarter valued at about $514,000. Finally, Barclays PLC bought a new stake in Enterprise Financial Services Corp. during the first quarter valued at about $283,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.
About Enterprise Financial Services Corp.
Enterprise Financial Services Corp is a financial holding company. The Company is the holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.
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