Zacks Investment Research upgraded shares of Enterprise Financial Services (NASDAQ:EFSC) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $48.00 price target on the bank’s stock.
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 research analysts have also recently commented on EFSC. BidaskClub raised Enterprise Financial Services from a strong sell rating to a sell rating in a research note on Saturday, January 19th. ValuEngine raised Enterprise Financial Services from a sell rating to a hold rating in a research note on Thursday, January 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $55.00.
NASDAQ EFSC opened at $42.68 on Thursday. The firm has a market capitalization of $1.15 billion, a PE ratio of 11.82, a PEG ratio of 1.20 and a beta of 1.14. Enterprise Financial Services has a 52 week low of $36.09 and a 52 week high of $58.15. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.68.
Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, April 22nd. The bank reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.01). The firm had revenue of $61.57 million during the quarter, compared to analyst estimates of $61.48 million. Enterprise Financial Services had a net margin of 29.29% and a return on equity of 14.70%. As a group, equities research analysts expect that Enterprise Financial Services will post 3.94 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.15 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, June 13th. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 15.51%.
In other news, President Scott Richard Goodman sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $46.49, for a total value of $46,490.00. Following the transaction, the president now directly owns 47,872 shares in the company, valued at approximately $2,225,569.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of Enterprise Financial Services by 18.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the bank’s stock worth $54,000 after purchasing an additional 227 shares during the last quarter. Brand Asset Management Group Inc. boosted its position in shares of Enterprise Financial Services by 49.3% in the 1st quarter. Brand Asset Management Group Inc. now owns 1,645 shares of the bank’s stock worth $127,000 after purchasing an additional 543 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of Enterprise Financial Services in the 4th quarter worth $82,000. Atwood & Palmer Inc. bought a new position in shares of Enterprise Financial Services in the 4th quarter worth $93,000. Finally, Legal & General Group Plc boosted its position in shares of Enterprise Financial Services by 23.9% in the 4th quarter. Legal & General Group Plc now owns 4,481 shares of the bank’s stock worth $169,000 after purchasing an additional 864 shares during the last quarter. Institutional investors and hedge funds own 66.87% of the company’s stock.
About Enterprise Financial Services
Enterprise Financial Services Corp operates as the financial 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.
Further Reading: Call Option
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Enterprise Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.