Enterprise Financial Services (EFSC) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Enterprise Financial Services (NASDAQ: EFSC):

  • 10/6/2018 – Enterprise Financial Services was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/29/2018 – Enterprise Financial Services was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/25/2018 – Enterprise Financial Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis and Kansas City, with a primary focus on serving the needs of privately held businesses, their owners and other success-minded individuals. “
  • 9/22/2018 – Enterprise Financial Services was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/13/2018 – Enterprise Financial Services was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/13/2018 – Enterprise Financial Services was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/1/2018 – Enterprise Financial Services was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/23/2018 – Enterprise Financial Services was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of EFSC stock opened at $51.89 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.13. Enterprise Financial Services Corp has a 52-week low of $41.45 and a 52-week high of $58.15. The firm has a market capitalization of $1.23 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.65 and a beta of 0.78.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, July 23rd. The bank reported $0.86 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 the consensus estimate of $56.20 million. On average, analysts predict that Enterprise Financial Services Corp will post 3.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, September 13th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.11. Enterprise Financial Services’s dividend payout ratio (DPR) is 18.60%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EFSC. Wells Fargo & Company MN raised its position in Enterprise Financial Services by 76.0% during the first quarter. Wells Fargo & Company MN now owns 86,549 shares of the bank’s stock valued at $4,059,000 after purchasing an additional 37,377 shares in the last quarter. Swiss National Bank raised its position in Enterprise Financial Services by 4.9% during the first quarter. Swiss National Bank now owns 40,864 shares of the bank’s stock valued at $1,917,000 after purchasing an additional 1,900 shares in the last quarter. Northern Trust Corp raised its position in Enterprise Financial Services by 0.3% during the first quarter. Northern Trust Corp now owns 410,588 shares of the bank’s stock valued at $19,256,000 after purchasing an additional 1,250 shares in the last quarter. New York State Common Retirement Fund raised its position in Enterprise Financial Services by 56.4% during the first quarter. New York State Common Retirement Fund now owns 226,453 shares of the bank’s stock valued at $10,621,000 after purchasing an additional 81,624 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Enterprise Financial Services during the first quarter valued at about $264,000. Institutional investors and hedge funds own 76.27% of the company’s stock.

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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