Enterprise Financial Services (EFSC) Given “Buy” Rating at Piper Jaffray Companies

Piper Jaffray Companies reissued their buy rating on shares of Enterprise Financial Services (NASDAQ:EFSC) in a report published on Tuesday. They currently have a $54.50 target price on the bank’s stock.

A number of other equities research analysts also recently issued reports on EFSC. Keefe, Bruyette & Woods reissued a hold rating and set a $46.00 price target on shares of Enterprise Financial Services in a research report on Tuesday, October 3rd. Zacks Investment Research raised Enterprise Financial Services from a sell rating to a hold rating in a research report on Tuesday, September 26th. Finally, ValuEngine downgraded Enterprise Financial Services from a buy rating to a hold rating in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Enterprise Financial Services has a consensus rating of Hold and a consensus target price of $50.83.

Enterprise Financial Services (NASDAQ:EFSC) traded up $0.80 during mid-day trading on Tuesday, reaching $46.55. The company’s stock had a trading volume of 193,346 shares, compared to its average volume of 120,805. Enterprise Financial Services has a 1 year low of $36.65 and a 1 year high of $46.75. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $1,070.00, a P/E ratio of 19.24, a PEG ratio of 1.61 and a beta of 0.87.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, October 23rd. The bank reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. Enterprise Financial Services had a return on equity of 11.15% and a net margin of 24.73%. The firm had revenue of $54.00 million during the quarter, compared to the consensus estimate of $54.11 million. equities analysts predict that Enterprise Financial Services will post 2.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, December 14th. Enterprise Financial Services’s payout ratio is 18.18%.

In other news, President Scott Richard Goodman sold 3,700 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $45.85, for a total value of $169,645.00. Following the completion of the sale, the president now owns 38,269 shares of the company’s stock, valued at $1,754,633.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas Bauche sold 960 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $44.10, for a total value of $42,336.00. Following the completion of the sale, the insider now directly owns 679 shares of the company’s stock, valued at approximately $29,943.90. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Maltese Capital Management LLC boosted its position in shares of Enterprise Financial Services by 89.4% in the third quarter. Maltese Capital Management LLC now owns 186,806 shares of the bank’s stock worth $7,911,000 after buying an additional 88,161 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of Enterprise Financial Services by 21.0% in the third quarter. Segall Bryant & Hamill LLC now owns 146,308 shares of the bank’s stock worth $6,196,000 after buying an additional 25,398 shares during the period. Financial Counselors Inc. boosted its position in shares of Enterprise Financial Services by 24.1% in the third quarter. Financial Counselors Inc. now owns 43,526 shares of the bank’s stock worth $1,843,000 after buying an additional 8,448 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Enterprise Financial Services by 6.8% in the third quarter. Dimensional Fund Advisors LP now owns 988,194 shares of the bank’s stock worth $41,850,000 after buying an additional 63,020 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Enterprise Financial Services by 5.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 109,573 shares of the bank’s stock worth $4,641,000 after buying an additional 5,727 shares during the period. 74.42% of the stock is owned by institutional investors.

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Enterprise Financial Services Company Profile

Enterprise Financial Services Corp is a financial 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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