BidaskClub Lowers Enterprise Financial Services (NASDAQ:EFSC) to Hold

BidaskClub downgraded shares of Enterprise Financial Services (NASDAQ:EFSC) from a buy rating to a hold rating in a report issued on Tuesday, BidAskClub reports.

A number of other analysts also recently commented on the company. Raymond James initiated coverage on Enterprise Financial Services in a research report on Thursday, September 19th. They set an outperform rating and a $48.00 price target for the company. Zacks Investment Research raised Enterprise Financial Services from a sell rating to a hold rating in a research report on Thursday, October 24th. Finally, ValuEngine downgraded Enterprise Financial Services from a hold rating to a sell rating in a research report on Wednesday, December 4th.

Shares of EFSC traded up $0.12 on Tuesday, reaching $48.46. 139,600 shares of the company’s stock traded hands, compared to its average volume of 100,325. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.27 billion, a PE ratio of 13.42 and a beta of 1.16. The stock’s 50 day simple moving average is $46.97 and its two-hundred day simple moving average is $42.83. Enterprise Financial Services has a 52-week low of $38.09 and a 52-week high of $48.81.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.09. The company had revenue of $76.61 million during the quarter, compared to the consensus estimate of $73.87 million. Enterprise Financial Services had a return on equity of 13.30% and a net margin of 25.84%. Analysts forecast that Enterprise Financial Services will post 4.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.17 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, December 13th. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 18.84%.

In other Enterprise Financial Services news, Director James F. Deutsch sold 50,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $45.55, for a total value of $2,277,500.00. Following the completion of the sale, the director now directly owns 41 shares of the company’s stock, valued at $1,867.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in Enterprise Financial Services by 97.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 730 shares of the bank’s stock worth $35,000 after buying an additional 360 shares during the last quarter. Metropolitan Life Insurance Co NY increased its position in Enterprise Financial Services by 3.1% in the third quarter. Metropolitan Life Insurance Co NY now owns 7,622 shares of the bank’s stock worth $311,000 after buying an additional 230 shares during the last quarter. Millennium Management LLC increased its position in Enterprise Financial Services by 3,306.7% in the third quarter. Millennium Management LLC now owns 155,651 shares of the bank’s stock worth $6,342,000 after buying an additional 151,082 shares during the last quarter. Voloridge Investment Management LLC increased its position in Enterprise Financial Services by 47.5% in the third quarter. Voloridge Investment Management LLC now owns 7,819 shares of the bank’s stock worth $319,000 after buying an additional 2,519 shares during the last quarter. Finally, Barclays PLC increased its position in Enterprise Financial Services by 59.3% in the third quarter. Barclays PLC now owns 26,122 shares of the bank’s stock worth $1,065,000 after buying an additional 9,729 shares during the last quarter. 71.71% of the stock is owned by institutional investors and hedge funds.

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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