Enterprise Financial Services (NASDAQ:EFSC) Now Covered by Analysts at Raymond James

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Raymond James assumed coverage on shares of Enterprise Financial Services (NASDAQ:EFSC) in a report published on Thursday, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $48.00 price target on the bank’s stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Enterprise Financial Services from a hold rating to a sell rating in a report on Thursday, July 25th. BidaskClub cut Enterprise Financial Services from a hold rating to a sell rating in a report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $52.00.

NASDAQ EFSC opened at $38.67 on Thursday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.17 and a beta of 1.17. Enterprise Financial Services has a twelve month low of $36.09 and a twelve month high of $55.61. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average of $39.73 and a 200 day moving average of $41.31.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, July 22nd. The bank reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Enterprise Financial Services had a return on equity of 13.19% and a net margin of 25.85%. The business had revenue of $73.68 million during the quarter, compared to analysts’ expectations of $72.27 million. Equities analysts predict that Enterprise Financial Services will post 3.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.16 dividend. The ex-dividend date is Thursday, September 12th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.66%. Enterprise Financial Services’s dividend payout ratio is 17.73%.

Hedge funds have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. grew its position in shares of Enterprise Financial Services by 6.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,058,150 shares of the bank’s stock valued at $43,141,000 after purchasing an additional 66,825 shares in the last quarter. Rothschild & Co. Asset Management US Inc. lifted its stake in Enterprise Financial Services by 7.0% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 268,140 shares of the bank’s stock worth $11,155,000 after purchasing an additional 17,612 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Enterprise Financial Services by 785.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,509 shares of the bank’s stock worth $184,000 after purchasing an additional 4,000 shares in the last quarter. Mesirow Financial Investment Management Equity Management lifted its stake in Enterprise Financial Services by 11.1% during the second quarter. Mesirow Financial Investment Management Equity Management now owns 158,135 shares of the bank’s stock worth $6,578,000 after purchasing an additional 15,845 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Enterprise Financial Services by 23.1% during the second quarter. Wells Fargo & Company MN now owns 131,689 shares of the bank’s stock worth $5,478,000 after purchasing an additional 24,727 shares in the last quarter. Institutional investors and hedge funds own 71.77% of the company’s stock.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.

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