Enterprise Financial Services’ (EFSC) Buy Rating Reaffirmed at Piper Jaffray Companies
Piper Jaffray Companies reaffirmed their buy rating on shares of Enterprise Financial Services (NASDAQ:EFSC) in a report released on Tuesday morning. The brokerage currently has a $54.50 target price on the bank’s stock.
A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised Enterprise Financial Services from a hold rating to a strong-buy rating and set a $52.00 price target on the stock in a research note on Monday, January 1st. ValuEngine downgraded Enterprise Financial Services from a buy rating to a hold rating in a research note on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $46.00 price target on shares of Enterprise Financial Services in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Enterprise Financial Services has an average rating of Hold and an average target price of $50.83.
Enterprise Financial Services (NASDAQ EFSC) traded up $0.20 during trading hours on Tuesday, reaching $47.25. The company’s stock had a trading volume of 96,218 shares, compared to its average volume of 144,044. Enterprise Financial Services has a 12-month low of $36.65 and a 12-month high of $47.60. 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 firm has a market cap of $1,070.00, a P/E ratio of 19.52, a price-to-earnings-growth 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 for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. The company had revenue of $54.00 million for the quarter, compared to the consensus estimate of $54.11 million. Enterprise Financial Services had a return on equity of 11.15% and a net margin of 24.73%. analysts forecast that Enterprise Financial Services will post 2.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, December 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 18.18%.
In related news, insider Douglas Bauche sold 960 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $44.10, for a total transaction of $42,336.00. Following the sale, the insider now owns 679 shares of the company’s stock, valued at approximately $29,943.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Scott Richard Goodman sold 3,700 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $45.85, for a total value of $169,645.00. Following the sale, the president now directly owns 38,269 shares in the company, valued at approximately $1,754,633.65. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.
A number of institutional investors have recently modified their holdings of EFSC. Great West Life Assurance Co. Can raised its stake in Enterprise Financial Services by 281.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,431 shares of the bank’s stock worth $145,000 after buying an additional 2,531 shares during the period. BNP Paribas Arbitrage SA raised its stake in Enterprise Financial Services by 89.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,385 shares of the bank’s stock worth $186,000 after buying an additional 2,075 shares during the period. Moloney Securities Asset Management LLC acquired a new stake in Enterprise Financial Services during the 3rd quarter worth $203,000. Legal & General Group Plc raised its stake in Enterprise Financial Services by 6.9% during the 2nd quarter. Legal & General Group Plc now owns 5,439 shares of the bank’s stock worth $222,000 after buying an additional 349 shares during the period. Finally, Citigroup Inc. raised its stake in Enterprise Financial Services by 272.4% during the 2nd quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock worth $227,000 after buying an additional 4,064 shares during the period. 74.42% of the stock is currently owned by institutional investors and hedge funds.
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About Enterprise Financial Services
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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