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

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

Shares of EFSC opened at $40.71 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.95 and a quick ratio of 0.95. Enterprise Financial Services has a one year low of $36.09 and a one year high of $55.61. The firm has a market capitalization of $1.11 billion, a P/E ratio of 11.28, a PEG ratio of 1.17 and a beta of 1.17. The business has a fifty day moving average of $39.72 and a 200 day moving average of $41.29.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $73.68 million during the quarter, compared to analyst estimates of $72.27 million. Analysts expect 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. Shareholders of record on Friday, September 13th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.57%. The ex-dividend date is Thursday, September 12th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.15. Enterprise Financial Services’s payout ratio is currently 17.73%.

A number of large investors have recently added to or reduced their stakes in EFSC. Dimensional Fund Advisors LP grew its holdings in Enterprise Financial Services by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,047,191 shares of the bank’s stock valued at $39,406,000 after purchasing an additional 19,498 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Enterprise Financial Services by 52,111.1% in the first quarter. BNP Paribas Arbitrage SA now owns 4,699 shares of the bank’s stock worth $192,000 after acquiring an additional 4,690 shares during the period. SG Americas Securities LLC boosted its stake in shares of Enterprise Financial Services by 69.6% in the first quarter. SG Americas Securities LLC now owns 13,518 shares of the bank’s stock worth $551,000 after acquiring an additional 5,548 shares during the period. Rothschild & Co. Asset Management US Inc. boosted its stake in shares of Enterprise Financial Services by 1.2% in the first quarter. Rothschild & Co. Asset Management US Inc. now owns 250,528 shares of the bank’s stock worth $10,214,000 after acquiring an additional 2,917 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of Enterprise Financial Services in the first quarter worth about $729,000. 71.77% of the stock is owned by institutional investors and hedge funds.

About Enterprise Financial Services

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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