Enterprise Financial Services Corporation (NASDAQ:EFSC) Rating Lowered to Sell at Zacks Investment Research
Zacks Investment Research cut shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) from a hold rating to a sell rating in a report issued on Thursday morning.
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. “
Several other equities analysts have also recently issued reports on EFSC. BidaskClub cut Enterprise Financial Services Corporation from a sell rating to a strong sell rating in a report on Thursday. Piper Jaffray Companies reissued a buy rating and issued a $50.00 price objective on shares of Enterprise Financial Services Corporation in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $45.00 price objective on shares of Enterprise Financial Services Corporation in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $43.00.
Shares of Enterprise Financial Services Corporation (EFSC) traded up 0.13% during mid-day trading on Thursday, reaching $39.55. The company’s stock had a trading volume of 131,837 shares. The firm has a market cap of $928.83 million, a P/E ratio of 17.21 and a beta of 0.87. The firm’s 50-day moving average price is $40.91 and its 200 day moving average price is $41.83. Enterprise Financial Services Corporation has a 12-month low of $28.07 and a 12-month high of $46.25.
Enterprise Financial Services Corporation (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, July 24th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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%. On average, analysts expect that Enterprise Financial Services Corporation will post $2.56 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.11 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.11%. Enterprise Financial Services Corporation’s payout ratio is 18.97%.
In related news, insider Douglas Bauche sold 1,200 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $42.50, for a total value of $51,000.00. Following the completion of the transaction, the insider now owns 2,839 shares of the company’s stock, valued at approximately $120,657.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter Benoist sold 10,621 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $41.96, for a total value of $445,657.16. Following the completion of the transaction, the chief executive officer now directly owns 3,027 shares of the company’s stock, valued at approximately $127,012.92. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in EFSC. Teachers Advisors LLC raised 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 valued at $1,441,000 after buying an additional 645 shares during the period. Highbridge Capital Management LLC purchased a new stake in Enterprise Financial Services Corporation during the fourth quarter valued at approximately $1,154,000. Bank of Montreal Can raised 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 valued at $2,783,000 after buying an additional 6,145 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in Enterprise Financial Services Corporation during the first quarter valued at approximately $201,000. Finally, Nationwide Fund Advisors raised 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 valued at $4,097,000 after buying an additional 44,065 shares during the period. 69.13% of the stock is owned by institutional investors.
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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