StockNews.com Downgrades Enterprise Financial Services (NASDAQ:EFSC) to Hold

StockNews.com lowered shares of Enterprise Financial Services (NASDAQ:EFSCGet Rating) from a buy rating to a hold rating in a research report released on Monday morning.

EFSC has been the topic of a number of other research reports. Raymond James lifted their price objective on Enterprise Financial Services from $53.00 to $58.00 and gave the stock an outperform rating in a research note on Wednesday, October 26th. Piper Sandler increased their price objective on shares of Enterprise Financial Services to $51.00 and gave the company an outperform rating in a research report on Wednesday, July 27th. Finally, DA Davidson upgraded shares of Enterprise Financial Services from a neutral rating to a buy rating and boosted their target price for the stock from $46.00 to $60.00 in a report on Wednesday, October 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Enterprise Financial Services currently has a consensus rating of Moderate Buy and a consensus target price of $56.33.

Enterprise Financial Services Stock Down 0.2 %

EFSC opened at $52.65 on Monday. Enterprise Financial Services has a fifty-two week low of $39.63 and a fifty-two week high of $54.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 10.38 and a beta of 1.17. The firm’s fifty day moving average is $49.09 and its 200 day moving average is $46.22.

Enterprise Financial Services (NASDAQ:EFSCGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The bank reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.08. Enterprise Financial Services had a net margin of 36.51% and a return on equity of 13.91%. During the same period in the prior year, the company posted $1.27 EPS. On average, sell-side analysts forecast that Enterprise Financial Services will post 5.08 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.24 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.82%. Enterprise Financial Services’s payout ratio is 18.15%.

Institutional Investors Weigh In On Enterprise Financial Services

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Enterprise Financial Services by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,826,207 shares of the bank’s stock valued at $86,398,000 after purchasing an additional 10,203 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Enterprise Financial Services by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,261,332 shares of the bank’s stock valued at $55,551,000 after purchasing an additional 29,054 shares during the period. Jennison Associates LLC lifted its holdings in Enterprise Financial Services by 7.5% during the 3rd quarter. Jennison Associates LLC now owns 1,084,401 shares of the bank’s stock valued at $47,757,000 after buying an additional 75,668 shares in the last quarter. State Street Corp increased its position in shares of Enterprise Financial Services by 5.4% during the first quarter. State Street Corp now owns 1,076,939 shares of the bank’s stock worth $50,950,000 after acquiring an additional 55,090 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Enterprise Financial Services by 1.8% during the third quarter. Macquarie Group Ltd. now owns 1,015,212 shares of the bank’s stock valued at $44,725,000 after acquiring an additional 17,871 shares in the last quarter. Institutional investors own 69.03% of the company’s stock.

About Enterprise Financial Services

(Get Rating)

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 checking, savings, and money market accounts, and certificates of deposit. It also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.

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