Enterprise Financial Services Corp (EFSC) Receives $56.38 Consensus Price Target from Analysts

Shares of Enterprise Financial Services Corp (NASDAQ:EFSC) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $56.38.

A number of analysts have recently issued reports on EFSC shares. BidaskClub raised Enterprise Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. DA Davidson lifted their target price on Enterprise Financial Services to $60.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 25th. Zacks Investment Research raised Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, July 27th. Finally, ValuEngine lowered Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday.

In related news, insider Douglas Bauche sold 750 shares of Enterprise Financial Services stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $56.20, for a total value of $42,150.00. Following the completion of the transaction, the insider now directly owns 2,761 shares in the company, valued at $155,168.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Scott Richard Goodman sold 1,200 shares of Enterprise Financial Services stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $54.23, for a total value of $65,076.00. Following the completion of the transaction, the president now owns 41,713 shares of the company’s stock, valued at $2,262,095.99. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of EFSC. Vaughan Nelson Investment Management L.P. acquired a new position in Enterprise Financial Services in the second quarter worth about $50,905,000. Earnest Partners LLC grew its stake in Enterprise Financial Services by 90.9% in the first quarter. Earnest Partners LLC now owns 771,522 shares of the bank’s stock worth $36,184,000 after purchasing an additional 367,285 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. acquired a new position in Enterprise Financial Services in the first quarter worth about $10,238,000. BlackRock Inc. grew its stake in Enterprise Financial Services by 13.5% in the second quarter. BlackRock Inc. now owns 1,589,318 shares of the bank’s stock worth $85,743,000 after purchasing an additional 188,889 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Enterprise Financial Services by 56.4% in the first quarter. New York State Common Retirement Fund now owns 226,453 shares of the bank’s stock worth $10,621,000 after purchasing an additional 81,624 shares in the last quarter. Institutional investors and hedge funds own 76.27% of the company’s stock.

NASDAQ:EFSC traded up $0.30 during mid-day trading on Thursday, hitting $53.85. The company had a trading volume of 85,589 shares, compared to its average volume of 54,694. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 1.04. Enterprise Financial Services has a 1 year low of $38.90 and a 1 year high of $58.15. The firm has a market capitalization of $1.26 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.69 and a beta of 0.76.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, July 23rd. The bank reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. Enterprise Financial Services had a return on equity of 13.30% and a net margin of 25.87%. The company had revenue of $56.74 million for the quarter, compared to analyst estimates of $56.20 million. equities analysts anticipate that Enterprise Financial Services will post 3.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.89%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, September 13th. Enterprise Financial Services’s payout ratio is presently 17.05%.

About Enterprise Financial Services

Enterprise Financial Services Corp operates as the 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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