BidaskClub upgraded shares of Enterprise Financial Services (NASDAQ:EFSC) from a strong sell rating to a sell rating in a research report report published on Saturday, January 19th.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Enterprise Financial Services from a hold rating to a buy rating and set a $46.00 price target on the stock in a report on Thursday, October 25th. Piper Jaffray Companies set a $52.00 price target on Enterprise Financial Services and gave the company a buy rating in a report on Wednesday, October 24th. Keefe, Bruyette & Woods raised Enterprise Financial Services from a market perform rating to an outperform rating and lifted their price target for the company from $57.00 to $60.00 in a report on Monday, November 5th. ValuEngine cut Enterprise Financial Services from a hold rating to a sell rating in a report on Wednesday, November 28th. Finally, FIG Partners raised Enterprise Financial Services from a market perform rating to an outperform rating in a report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Enterprise Financial Services currently has an average rating of Hold and an average target price of $55.25.
NASDAQ EFSC traded up $0.44 during trading hours on Friday, reaching $44.10. The company’s stock had a trading volume of 61,658 shares, compared to its average volume of 119,939. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.16. Enterprise Financial Services has a 52 week low of $36.09 and a 52 week high of $58.15. The stock has a market capitalization of $1.01 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.22 and a beta of 1.14.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a $0.14 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, March 14th. This represents a $0.56 annualized dividend and a yield of 1.27%. Enterprise Financial Services’s payout ratio is 14.40%.
In other Enterprise Financial Services news, President Scott Richard Goodman sold 1,000 shares of Enterprise Financial Services stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $38.05, for a total value of $38,050.00. Following the transaction, the president now owns 46,438 shares in the company, valued at $1,766,965.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in Enterprise Financial Services by 18.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the bank’s stock worth $54,000 after purchasing an additional 227 shares in the last quarter. Victory Capital Management Inc. grew its position in Enterprise Financial Services by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 15,218 shares of the bank’s stock worth $573,000 after purchasing an additional 594 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Enterprise Financial Services by 5.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 14,179 shares of the bank’s stock worth $534,000 after purchasing an additional 753 shares in the last quarter. SG Americas Securities LLC grew its position in Enterprise Financial Services by 14.9% during the 4th quarter. SG Americas Securities LLC now owns 7,970 shares of the bank’s stock worth $300,000 after purchasing an additional 1,035 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in Enterprise Financial Services by 2.5% during the 3rd quarter. Teachers Advisors LLC now owns 43,846 shares of the bank’s stock worth $2,326,000 after purchasing an additional 1,063 shares in the last quarter. Hedge funds and other institutional investors own 77.85% of the company’s stock.
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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