Enterprise Financial Services (NASDAQ:EFSC) Downgraded to “Hold” at ValuEngine

ValuEngine downgraded shares of Enterprise Financial Services (NASDAQ:EFSC) from a buy rating to a hold rating in a report released on Wednesday, November 22nd.

Other equities analysts have also issued research reports about the company. Piper Jaffray Companies reissued a buy rating and issued a $48.00 target price on shares of Enterprise Financial Services in a report on Friday, July 28th. BidaskClub lowered Enterprise Financial Services from a sell rating to a strong sell rating in a report on Thursday, July 27th. Zacks Investment Research raised Enterprise Financial Services from a hold rating to a buy rating and set a $50.00 price objective on the stock in a report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $46.00 price objective on shares of Enterprise Financial Services in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $48.33.

Enterprise Financial Services (NASDAQ:EFSC) traded down $0.55 during trading on Wednesday, hitting $44.35. The stock had a trading volume of 62,310 shares, compared to its average volume of 113,678. Enterprise Financial Services has a 1-year low of $36.65 and a 1-year high of $46.25. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $1,021.77, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.96 and a beta of 0.88.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 14th. Enterprise Financial Services’s payout ratio is 18.18%.

In other news, insider Douglas Bauche sold 960 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $44.10, for a total transaction of $42,336.00. Following the completion of the sale, the insider now owns 679 shares in the company, valued at $29,943.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Scott Richard Goodman sold 3,700 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,754,633.65. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Maltese Capital Management LLC boosted its stake in shares of Enterprise Financial Services by 89.4% during the third quarter. Maltese Capital Management LLC now owns 186,806 shares of the bank’s stock worth $7,911,000 after buying an additional 88,161 shares during the period. Segall Bryant & Hamill LLC lifted its position in Enterprise Financial Services by 21.0% in the third quarter. Segall Bryant & Hamill LLC now owns 146,308 shares of the bank’s stock valued at $6,196,000 after purchasing an additional 25,398 shares during the period. Financial Counselors Inc. lifted its position in Enterprise Financial Services by 24.1% in the third quarter. Financial Counselors Inc. now owns 43,526 shares of the bank’s stock valued at $1,843,000 after purchasing an additional 8,448 shares during the period. Dimensional Fund Advisors LP lifted its position in Enterprise Financial Services by 6.8% in the third quarter. Dimensional Fund Advisors LP now owns 988,194 shares of the bank’s stock valued at $41,850,000 after purchasing an additional 63,020 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Enterprise Financial Services by 5.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 109,573 shares of the bank’s stock valued at $4,641,000 after purchasing an additional 5,727 shares during the period. Institutional investors and hedge funds own 74.46% of the company’s stock.

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About Enterprise Financial Services

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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