Analysts Set Enterprise Financial Services Corp (EFSC) Price Target at $57.33

Share on StockTwits

Enterprise Financial Services Corp (NASDAQ:EFSC) has been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. Two equities research 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. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $57.33.

Several analysts recently weighed in on the stock. BidaskClub cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. ValuEngine cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, Zacks Investment Research cut shares of Enterprise Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 26th.

Shares of NASDAQ:EFSC traded down $0.22 during trading on Monday, hitting $42.80. 63,895 shares of the company were exchanged, compared to its average volume of 106,783. The company has a market capitalization of $1.16 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.18 and a beta of 1.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.98 and a current ratio of 0.98. Enterprise Financial Services has a 1-year low of $36.09 and a 1-year high of $58.15.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, April 22nd. The bank reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.01). Enterprise Financial Services had a return on equity of 14.70% and a net margin of 29.29%. The company had revenue of $61.57 million for the quarter, compared to analyst estimates of $61.48 million. On average, equities analysts forecast that Enterprise Financial Services will post 3.98 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.15 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.40%. Enterprise Financial Services’s payout ratio is currently 15.51%.

In related news, President Scott Richard Goodman sold 1,000 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $46.49, for a total value of $46,490.00. Following the sale, the president now owns 47,872 shares of the company’s stock, valued at $2,225,569.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in Enterprise Financial Services by 4.0% during the fourth quarter. BlackRock Inc. now owns 1,754,043 shares of the bank’s stock valued at $66,005,000 after acquiring an additional 67,316 shares during the last quarter. Vanguard Group Inc boosted its position in Enterprise Financial Services by 4.0% during the third quarter. Vanguard Group Inc now owns 1,119,467 shares of the bank’s stock valued at $59,388,000 after acquiring an additional 43,320 shares during the last quarter. Vanguard Group Inc. boosted its position in Enterprise Financial Services by 4.0% during the third quarter. Vanguard Group Inc. now owns 1,119,467 shares of the bank’s stock valued at $59,388,000 after acquiring an additional 43,320 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Enterprise Financial Services by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,047,191 shares of the bank’s stock valued at $39,406,000 after acquiring an additional 19,498 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Enterprise Financial Services by 2.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 991,325 shares of the bank’s stock valued at $37,303,000 after acquiring an additional 27,175 shares during the last quarter. 66.87% of the stock is currently owned by institutional investors.

Enterprise Financial Services Company Profile

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.

See Also: What is insider trading?

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.