Enterprise Financial Services Corp. (NASDAQ:EFSC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage currently has a $37.00 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 12.80% from the stock’s previous close.
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. “
A number of other research analysts have also weighed in on EFSC. Piper Jaffray Cos. initiated coverage on Enterprise Financial Services Corp. in a report on Monday, July 11th. They set an “overweight” rating and a $31.25 price objective on the stock. Keefe, Bruyette & Woods boosted their target price on Enterprise Financial Services Corp. from $30.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Finally, DA Davidson boosted their target price on Enterprise Financial Services Corp. from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $33.31.
Shares of Enterprise Financial Services Corp. (NASDAQ:EFSC) traded up 1.64% during mid-day trading on Friday, hitting $32.80. The company’s stock had a trading volume of 103,250 shares. Enterprise Financial Services Corp. has a 12-month low of $25.01 and a 12-month high of $33.37. The stock has a 50-day moving average of $31.31 and a 200-day moving average of $28.61. The company has a market cap of $656.59 million, a PE ratio of 15.27 and a beta of 0.78.
Enterprise Financial Services Corp. (NASDAQ:EFSC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.04. Enterprise Financial Services Corp. had a return on equity of 12.11% and a net margin of 26.51%. On average, equities research analysts forecast that Enterprise Financial Services Corp. will post $2.29 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.34%. This is an increase from Enterprise Financial Services Corp.’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, September 13th. Enterprise Financial Services Corp.’s payout ratio is presently 20.47%.
Hedge funds have recently modified their holdings of the stock. Virginia Retirement System bought a new stake in shares of Enterprise Financial Services Corp. during the first quarter valued at about $514,000. Kings Point Capital Management bought a new stake in shares of Enterprise Financial Services Corp. during the first quarter valued at about $260,000. Miles Capital Inc. bought a new stake in shares of Enterprise Financial Services Corp. during the first quarter valued at about $236,000. Barclays PLC bought a new stake in shares of Enterprise Financial Services Corp. during the first quarter valued at about $283,000. Finally, Royal Bank of Canada increased its stake in shares of Enterprise Financial Services Corp. by 21,048.1% in the first quarter. Royal Bank of Canada now owns 5,710 shares of the company’s stock valued at $155,000 after buying an additional 5,683 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.
About Enterprise Financial Services Corp.
Enterprise Financial Services Corp is a financial holding company. The Company is the holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.