Zacks Investment Research upgraded shares of Enterprise Financial Services Corp. (NASDAQ:EFSC) from a hold rating to a buy rating in a report published on Friday. They currently have $37.00 price target on the stock.
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. “
Several other equities analysts have also issued reports on EFSC. Piper Jaffray Cos. started coverage on Enterprise Financial Services Corp. in a report on Monday, July 11th. They issued an overweight rating and a $31.25 target price for the company. Keefe, Bruyette & Woods increased their price objective on 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. Finally, DA Davidson increased their price objective on Enterprise Financial Services Corp. from $33.00 to $34.00 and gave the company a neutral rating in a report on Wednesday, October 12th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Enterprise Financial Services Corp. currently has a consensus rating of Buy and an average price target of $33.31.
Enterprise Financial Services Corp. (NASDAQ:EFSC) traded down 1.22% during trading on Friday, hitting $32.40. The stock had a trading volume of 22,029 shares. Enterprise Financial Services Corp. has a 52 week low of $25.01 and a 52 week high of $33.37. The company has a 50-day moving average of $31.38 and a 200-day moving average of $28.66. The stock has a market capitalization of $648.58 million, a P/E ratio of 15.08 and a beta of 0.78.
Enterprise Financial Services Corp. (NASDAQ:EFSC) last released its earnings results on Thursday, July 28th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the 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 analysts expect that Enterprise Financial Services Corp. will post $2.29 earnings per share for the current fiscal year.
The company 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 1.34%. This is a positive change from Enterprise Financial Services Corp.’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, September 13th. Enterprise Financial Services Corp.’s dividend payout ratio is 20.47%.
Several institutional investors have recently bought and sold shares of EFSC. Virginia Retirement System bought a new position in Enterprise Financial Services Corp. during the first quarter worth approximately $514,000. Kings Point Capital Management bought a new position in Enterprise Financial Services Corp. during the first quarter worth approximately $260,000. Miles Capital Inc. bought a new position in Enterprise Financial Services Corp. during the first quarter worth approximately $236,000. Barclays PLC bought a new position in Enterprise Financial Services Corp. during the first quarter worth approximately $283,000. Finally, Royal Bank of Canada raised its position 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 worth $155,000 after buying an additional 5,683 shares during the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.
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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