Enterprise Financial Services (NASDAQ:EFSC) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Enterprise Financial Services (NASDAQ:EFSC) from a sell rating to a hold rating in a research note released on Tuesday, BidAskClub reports.

Separately, Zacks Investment Research lowered shares of Enterprise Financial Services from a strong-buy rating to a hold rating in a research report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $55.00.

NASDAQ EFSC opened at $41.01 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.09 billion, a P/E ratio of 10.99, a PEG ratio of 1.14 and a beta of 1.16. 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 posted its quarterly earnings results on Monday, April 22nd. The bank reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.01). The firm had revenue of $61.57 million for the quarter, compared to analyst estimates of $61.48 million. Enterprise Financial Services had a return on equity of 13.50% and a net margin of 29.29%. Equities analysts expect that Enterprise Financial Services will post 3.94 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.15 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.46%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.14. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 15.51%.

Institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB grew its stake in shares of Enterprise Financial Services by 27.3% in the fourth quarter. Xact Kapitalforvaltning AB now owns 12,137 shares of the bank’s stock valued at $457,000 after buying an additional 2,600 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Enterprise Financial Services by 41.7% in the fourth quarter. Rhumbline Advisers now owns 33,050 shares of the bank’s stock valued at $1,244,000 after buying an additional 9,726 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Enterprise Financial Services by 14.9% in the fourth quarter. SG Americas Securities LLC now owns 7,970 shares of the bank’s stock valued at $300,000 after buying an additional 1,035 shares in the last quarter. Dupont Capital Management Corp grew its stake in shares of Enterprise Financial Services by 23.8% in the fourth quarter. Dupont Capital Management Corp now owns 9,047 shares of the bank’s stock valued at $340,000 after buying an additional 1,737 shares in the last quarter. Finally, Rothschild & Co. Asset Management US Inc. boosted its holdings in Enterprise Financial Services by 4.0% in the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 247,611 shares of the bank’s stock valued at $9,318,000 after purchasing an additional 9,624 shares during the last quarter. Hedge funds and other institutional investors own 70.92% 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.

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