Trade Report: The Enterprise Financial Services Corp. (EFSC) Price Target Raised to $34.00 at DA Davidson

The Enterprise Financial Services Corp. (EFSC) Price Target Raised to $34.00 at DA Davidson

Enterprise Financial Services Corp. (NASDAQ:EFSC) had its target price raised by DA Davidson from $33.00 to $34.00 in a research report released on Wednesday. They currently have a neutral rating on the stock.

Other research analysts have also issued research reports about the stock. Piper Jaffray Cos. began coverage on shares of Enterprise Financial Services Corp. in a research note on Monday, July 11th. They issued an overweight rating and a $31.25 price objective on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Enterprise Financial Services Corp. from $30.00 to $31.00 and gave the company a market perform rating in a research note on Friday, July 29th. Finally, Zacks Investment Research lowered shares of Enterprise Financial Services Corp. from a buy rating to a hold rating in a research note on Tuesday, July 5th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Enterprise Financial Services Corp. currently has a consensus rating of Hold and an average target price of $32.06.

Shares of Enterprise Financial Services Corp. (NASDAQ:EFSC) traded down 1.59% during trading on Wednesday, reaching $32.23. 16,742 shares of the company’s stock were exchanged. Enterprise Financial Services Corp. has a 52-week low of $25.01 and a 52-week high of $33.37. The firm has a market capitalization of $645.18 million, a P/E ratio of 15.00 and a beta of 0.78. The company has a 50 day moving average of $31.24 and a 200 day moving average of $28.59.

Enterprise Financial Services Corp. (NASDAQ:EFSC) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.04. Enterprise Financial Services Corp. had a net margin of 26.51% and a return on equity of 12.11%. Equities analysts anticipate that Enterprise Financial Services Corp. will post $2.29 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a dividend of $0.11 per share. This is a positive change from Enterprise Financial Services Corp.’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.34%. Enterprise Financial Services Corp.’s dividend payout ratio is 20.47%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Enterprise Financial Services Corp. by 0.9% in the second quarter. American Century Companies Inc. now owns 31,914 shares of the company’s stock valued at $890,000 after buying an additional 282 shares during the period. Parametric Portfolio Associates LLC raised its position in Enterprise Financial Services Corp. by 1.0% in the second quarter. Parametric Portfolio Associates LLC now owns 44,062 shares of the company’s stock worth $1,229,000 after buying an additional 448 shares during the last quarter. ClariVest Asset Management LLC raised its position in Enterprise Financial Services Corp. by 0.8% in the second quarter. ClariVest Asset Management LLC now owns 86,333 shares of the company’s stock worth $2,408,000 after buying an additional 700 shares during the last quarter. Teachers Advisors Inc. raised its position in Enterprise Financial Services Corp. by 3.7% in the second quarter. Teachers Advisors Inc. now owns 32,860 shares of the company’s stock worth $916,000 after buying an additional 1,159 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Enterprise Financial Services Corp. by 2.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 80,293 shares of the company’s stock worth $2,240,000 after buying an additional 1,578 shares during the last quarter. Institutional investors own 68.30% of the company’s stock.

About Enterprise Financial Services Corp.

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