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

Enterprise Financial Services Corporation (NASDAQ:EFSC)‘s stock had its “buy” rating reiterated by Piper Jaffray Companies in a research note issued on Friday. They presently have a $50.00 target price on the bank’s stock. Piper Jaffray Companies’ target price would suggest a potential upside of 24.07% from the company’s previous close.

EFSC has been the subject of a number of other reports. Zacks Investment Research downgraded Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. BidaskClub raised Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $45.00 price target on shares of Enterprise Financial Services Corporation in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $43.50.

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) opened at 40.30 on Friday. The company has a 50-day moving average of $41.12 and a 200 day moving average of $41.99. The stock has a market capitalization of $946.28 million, a price-to-earnings ratio of 16.62 and a beta of 0.87. Enterprise Financial Services Corporation has a 12-month low of $26.84 and a 12-month high of $46.25.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, April 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Enterprise Financial Services Corporation had a return on equity of 12.15% and a net margin of 26.77%. The company had revenue of $45.62 million during the quarter, compared to the consensus estimate of $45.72 million. Analysts predict that Enterprise Financial Services Corporation will post $2.60 earnings per share for the current year.

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In other news, insider Douglas Bauche sold 1,200 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 2,839 shares in the company, valued at $120,657.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Peter Benoist sold 10,621 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $127,012.92. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP boosted its stake in Enterprise Financial Services Corporation by 11.2% in the first quarter. First Trust Advisors LP now owns 62,507 shares of the bank’s stock worth $2,650,000 after buying an additional 6,277 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Enterprise Financial Services Corporation by 24.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,397 shares of the bank’s stock worth $568,000 after buying an additional 2,648 shares during the period. Chicago Equity Partners LLC acquired a new stake in Enterprise Financial Services Corporation during the first quarter worth approximately $1,006,000. Bowling Portfolio Management LLC boosted its stake in Enterprise Financial Services Corporation by 5.2% in the first quarter. Bowling Portfolio Management LLC now owns 18,826 shares of the bank’s stock worth $798,000 after buying an additional 933 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Enterprise Financial Services Corporation by 3.7% in the first quarter. Wells Fargo & Company MN now owns 33,353 shares of the bank’s stock worth $1,414,000 after buying an additional 1,184 shares during the period. Institutional investors and hedge funds own 68.52% of the company’s stock.

Enterprise Financial Services Corporation 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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