Wall Street Zen lowered shares of Enterprise Financial Services (NASDAQ:EFSC – Free Report) from a hold rating to a sell rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.
A number of other equities research analysts have also commented on EFSC. Piper Sandler raised shares of Enterprise Financial Services from a “neutral” rating to an “overweight” rating and set a $64.00 price objective on the stock in a research note on Friday, October 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Stephens started coverage on shares of Enterprise Financial Services in a research note on Friday, September 18th. They set an “equal weight” rating and a $70.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Tuesday, October 6th. Finally, Benchmark raised shares of Enterprise Financial Services to a “strong-buy” rating in a research report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Enterprise Financial Services presently has a consensus rating of “Buy” and an average price target of $69.20.
Check Out Our Latest Stock Report on Enterprise Financial Services
Enterprise Financial Services Price Performance
Shares of NASDAQ:EFSC opened at $62.40 on Friday. The firm has a market cap of $2.23 billion, a PE ratio of 12.53 and a beta of 0.82. The firm’s fifty day moving average is $61.42 and its 200-day moving average is $60.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 0.84. Enterprise Financial Services has a 52 week low of $51.18 and a 52 week high of $68.73.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last announced its earnings results on Wednesday, October 21st. The bank reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.21). Enterprise Financial Services had a return on equity of 9.66% and a net margin of 18.83%. The company had revenue of $192.53 million for the quarter, compared to the consensus estimate of $193.09 million. Sell-side analysts predict that Enterprise Financial Services will post 5.09 earnings per share for the current year.
Enterprise Financial Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.36 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.44 annualized dividend and a dividend yield of 2.3%. Enterprise Financial Services’s payout ratio is 28.11%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Boston Partners raised its holdings in shares of Enterprise Financial Services by 3.6% during the third quarter. Boston Partners now owns 104,375 shares of the bank’s stock valued at $6,153,000 after purchasing an additional 3,646 shares during the period. Cullen Capital Management LLC boosted its position in shares of Enterprise Financial Services by 4.2% during the 3rd quarter. Cullen Capital Management LLC now owns 6,067 shares of the bank’s stock worth $358,000 after purchasing an additional 246 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Enterprise Financial Services by 2.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 47,517 shares of the bank’s stock worth $2,801,000 after purchasing an additional 998 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Enterprise Financial Services by 10.1% in the 3rd quarter. Fifth Third Bancorp now owns 2,391 shares of the bank’s stock valued at $141,000 after buying an additional 219 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Enterprise Financial Services by 4.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,709 shares of the bank’s stock valued at $459,000 after buying an additional 302 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.
Enterprise Financial Services Company Profile
Enterprise Financial Services Corp. is a bank holding company and the parent of Enterprise Bank & Trust. Founded in 1988, the company is headquartered in Clayton, Missouri, and provides banking and financial services to businesses, professionals and individuals. Through Enterprise Bank & Trust, the company offers commercial and consumer banking, including business and personal deposit accounts, commercial lending, treasury management and cash-management services. It also provides wealth management, trust and investment services.
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