BidaskClub upgraded shares of Enterprise Financial Services (NASDAQ:EFSC) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other research firms have also weighed in on EFSC. Zacks Investment Research upgraded shares of Enterprise Financial Services from a hold rating to a buy rating and set a $65.00 price target on the stock in a research report on Friday, July 27th. DA Davidson boosted their price target on shares of Enterprise Financial Services to $60.00 and gave the stock an in-line rating in a research report on Wednesday, July 25th. Finally, ValuEngine lowered shares of Enterprise Financial Services from a buy rating to a hold rating in a research report on Thursday, September 13th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Enterprise Financial Services presently has a consensus rating of Hold and a consensus target price of $56.38.

Shares of NASDAQ EFSC opened at $53.75 on Friday. The stock has a market capitalization of $1.27 billion, a PE ratio of 20.85, a P/E/G ratio of 1.70 and a beta of 0.77. Enterprise Financial Services has a 52-week low of $40.45 and a 52-week high of $58.15. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.13.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 13th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 0.89%. Enterprise Financial Services’s payout ratio is presently 18.60%.

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

Hedge funds have recently modified their holdings of the business. Brand Asset Management Group Inc. purchased a new position in Enterprise Financial Services during the second quarter worth about $134,000. Meeder Asset Management Inc. raised its stake in Enterprise Financial Services by 294.8% during the second quarter. Meeder Asset Management Inc. now owns 2,523 shares of the bank’s stock worth $136,000 after purchasing an additional 1,884 shares during the period. Tower Research Capital LLC TRC raised its stake in Enterprise Financial Services by 496.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,666 shares of the bank’s stock worth $198,000 after purchasing an additional 3,051 shares during the period. Meritage Portfolio Management purchased a new position in Enterprise Financial Services during the second quarter worth about $220,000. Finally, UBS Group AG raised its stake in Enterprise Financial Services by 94.2% during the first quarter. UBS Group AG now owns 4,099 shares of the bank’s stock worth $192,000 after purchasing an additional 1,988 shares during the period. 76.27% of the stock is currently owned by institutional investors.

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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