Enterprise Financial Services (EFSC) Rating Reiterated by Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their buy rating on shares of Enterprise Financial Services (NASDAQ:EFSC) in a report published on Tuesday morning. They currently have a $54.50 price objective on the bank’s stock.

EFSC has been the topic of several other research reports. Zacks Investment Research upgraded Enterprise Financial Services from a sell rating to a hold rating in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $46.00 price target on shares of Enterprise Financial Services in a research note on Tuesday, October 3rd. Finally, ValuEngine cut Enterprise Financial Services from a buy rating to a hold rating in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $50.83.

Enterprise Financial Services (NASDAQ:EFSC) traded up $0.80 during trading hours on Tuesday, hitting $46.55. The company had a trading volume of 193,346 shares, compared to its average volume of 120,805. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.03. Enterprise Financial Services has a fifty-two week low of $36.65 and a fifty-two week high of $46.75. The firm has a market capitalization of $1,070.00, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.61 and a beta of 0.87.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, October 23rd. The bank reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.01. Enterprise Financial Services had a return on equity of 11.15% and a net margin of 24.73%. The business had revenue of $54.00 million for the quarter, compared to analysts’ expectations of $54.11 million. equities research analysts expect that Enterprise Financial Services will post 2.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, December 14th. Enterprise Financial Services’s payout ratio is currently 18.18%.

In other Enterprise Financial Services news, President Scott Richard Goodman sold 3,700 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $45.85, for a total transaction of $169,645.00. Following the sale, the president now owns 38,269 shares in the company, valued at $1,754,633.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas Bauche sold 960 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $44.10, for a total value of $42,336.00. Following the sale, the insider now owns 679 shares in the company, valued at approximately $29,943.90. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in shares of Enterprise Financial Services by 281.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,431 shares of the bank’s stock worth $145,000 after purchasing an additional 2,531 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Enterprise Financial Services by 89.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,385 shares of the bank’s stock worth $186,000 after purchasing an additional 2,075 shares during the period. Moloney Securities Asset Management LLC acquired a new stake in shares of Enterprise Financial Services during the 3rd quarter worth approximately $203,000. SG Americas Securities LLC acquired a new stake in shares of Enterprise Financial Services during the 3rd quarter worth approximately $229,000. Finally, Legal & General Group Plc raised its position in shares of Enterprise Financial Services by 6.9% during the 2nd quarter. Legal & General Group Plc now owns 5,439 shares of the bank’s stock worth $222,000 after purchasing an additional 349 shares during the period. Institutional investors and hedge funds own 74.42% of the company’s stock.

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Enterprise Financial Services Company Profile

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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