Zacks Investment Research downgraded shares of Enterprise Financial Services (NASDAQ:EFSC) from a buy rating to a hold rating in a research note issued to investors on Tuesday 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. “

A number of other research firms have also recently issued reports on EFSC. BidaskClub upgraded shares of Enterprise Financial Services from a hold rating to a buy rating in a research note on Thursday, August 23rd. DA Davidson lifted their target price on shares of Enterprise Financial Services to $60.00 and gave the company an in-line rating in a research note on Wednesday, July 25th. Finally, ValuEngine cut shares of Enterprise Financial Services from a buy rating to a hold rating in a research note on Thursday, September 13th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $56.38.

NASDAQ EFSC opened at $53.95 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.67 and a beta of 0.76. Enterprise Financial Services has a 12-month low of $40.70 and a 12-month high of $58.15.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, July 23rd. The bank reported $0.86 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.86. The firm had revenue of $56.74 million during the quarter, compared to analysts’ expectations of $56.20 million. Enterprise Financial Services had a net margin of 25.87% and a return on equity of 13.30%. analysts anticipate that Enterprise Financial Services will post 3.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.89%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, September 13th. Enterprise Financial Services’s payout ratio is presently 18.60%.

In other news, insider Douglas Bauche sold 750 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $56.20, for a total value of $42,150.00. Following the completion of the sale, the insider now directly owns 2,761 shares in the company, valued at $155,168.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Scott Richard Goodman sold 1,200 shares of the business’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $54.23, for a total transaction of $65,076.00. Following the completion of the sale, the president now owns 41,713 shares of the company’s stock, valued at $2,262,095.99. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Enterprise Financial Services by 13.5% in the second quarter. BlackRock Inc. now owns 1,589,318 shares of the bank’s stock worth $85,743,000 after buying an additional 188,889 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Enterprise Financial Services by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,032,081 shares of the bank’s stock worth $55,681,000 after buying an additional 21,898 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Enterprise Financial Services in the second quarter worth $50,905,000. Earnest Partners LLC lifted its stake in shares of Enterprise Financial Services by 0.4% in the second quarter. Earnest Partners LLC now owns 774,700 shares of the bank’s stock worth $41,795,000 after buying an additional 3,178 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Enterprise Financial Services by 3.7% in the second quarter. Northern Trust Corp now owns 425,861 shares of the bank’s stock worth $22,974,000 after buying an additional 15,273 shares during the last quarter. Institutional investors and hedge funds own 76.27% 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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