BidaskClub Lowers Enterprise Financial Services Corporation (NASDAQ:EFSC) to Strong Sell
BidaskClub lowered shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) from a sell rating to a strong sell rating in a report published on Thursday morning.
Several other analysts have also recently issued reports on the company. Keefe, Bruyette & Woods reiterated a hold rating and issued a $45.00 price objective on shares of Enterprise Financial Services Corporation in a research note on Friday, June 2nd. Zacks Investment Research cut Enterprise Financial Services Corporation from a buy rating to a hold rating in a research note on Wednesday, June 7th. Finally, Piper Jaffray Companies reiterated a buy rating and issued a $50.00 price objective on shares of Enterprise Financial Services Corporation in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $43.00.
Enterprise Financial Services Corporation (NASDAQ EFSC) traded up 0.13% on Thursday, hitting $39.55. The stock had a trading volume of 131,837 shares. The firm’s 50-day moving average is $40.91 and its 200-day moving average is $41.83. Enterprise Financial Services Corporation has a 52-week low of $28.07 and a 52-week high of $46.25. The company has a market cap of $928.83 million, a P/E ratio of 17.21 and a beta of 0.87.
Enterprise Financial Services Corporation (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, July 24th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.06. The company had revenue of $53.57 million during the quarter, compared to analyst estimates of $51.91 million. Enterprise Financial Services Corporation had a net margin of 24.54% and a return on equity of 11.91%. Equities research analysts anticipate that Enterprise Financial Services Corporation will post $2.56 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, September 14th. Enterprise Financial Services Corporation’s payout ratio is currently 18.97%.
In other Enterprise Financial Services Corporation news, insider Douglas Bauche sold 1,200 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $42.50, for a total value of $51,000.00. Following the sale, the insider now directly owns 2,839 shares in the company, valued at $120,657.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Peter Benoist sold 10,621 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $41.96, for a total value of $445,657.16. Following the completion of the sale, the chief executive officer now owns 3,027 shares in the company, valued at $127,012.92. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its stake in Enterprise Financial Services Corporation by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 33,505 shares of the bank’s stock worth $1,441,000 after buying an additional 645 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in Enterprise Financial Services Corporation during the fourth quarter worth $1,154,000. Bank of Montreal Can boosted its stake in Enterprise Financial Services Corporation by 10.3% in the first quarter. Bank of Montreal Can now owns 65,645 shares of the bank’s stock worth $2,783,000 after buying an additional 6,145 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Enterprise Financial Services Corporation during the first quarter worth $201,000. Finally, Nationwide Fund Advisors boosted its stake in Enterprise Financial Services Corporation by 83.8% in the first quarter. Nationwide Fund Advisors now owns 96,628 shares of the bank’s stock worth $4,097,000 after buying an additional 44,065 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.
About Enterprise Financial Services Corporation
Enterprise Financial Services Corp is a financial 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.
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