Enterprise Financial Services (EFSC) Cut to “Sell” at BidaskClub

BidaskClub downgraded shares of Enterprise Financial Services (NASDAQ:EFSC) from a hold rating to a sell rating in a research note released on Wednesday.

Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of Enterprise Financial Services from a hold rating to a sell rating in a research report on Wednesday. Piper Jaffray Companies set a $52.00 price target on shares of Enterprise Financial Services and gave the company a buy rating in a research report on Wednesday. DA Davidson lifted their price target on shares of Enterprise Financial Services to $60.00 and gave the company an in-line rating in a research report on Wednesday, July 25th. Finally, Zacks Investment Research cut shares of Enterprise Financial Services from a buy rating to a hold rating in a research report on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $52.67.

Shares of NASDAQ EFSC opened at $42.38 on Wednesday. Enterprise Financial Services has a 1 year low of $40.47 and a 1 year high of $58.15. The stock has a market cap of $969.09 million, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 1.29 and a beta of 0.78. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 1.04.



Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, October 22nd. The bank reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Enterprise Financial Services had a net margin of 27.39% and a return on equity of 13.89%. The company had revenue of $56.50 million during the quarter, compared to analysts’ expectations of $57.95 million. As a group, research analysts forecast that Enterprise Financial Services will post 3.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.13 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, December 13th. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 18.60%.

In other Enterprise Financial Services news, insider Douglas Bauche sold 750 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $56.20, for a total transaction of $42,150.00. Following the completion of the sale, the insider now directly owns 2,761 shares in the company, valued at approximately $155,168.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in EFSC. Vaughan Nelson Investment Management L.P. bought a new stake in Enterprise Financial Services during the 2nd quarter valued at about $50,905,000. BlackRock Inc. increased its stake in Enterprise Financial Services by 13.5% during the 2nd quarter. BlackRock Inc. now owns 1,589,318 shares of the bank’s stock valued at $85,743,000 after purchasing an additional 188,889 shares in the last quarter. First Trust Advisors LP increased its stake in Enterprise Financial Services by 105.7% during the 3rd quarter. First Trust Advisors LP now owns 168,774 shares of the bank’s stock valued at $8,953,000 after purchasing an additional 86,719 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Enterprise Financial Services by 224.9% in the first quarter. Allianz Asset Management GmbH now owns 109,533 shares of the bank’s stock worth $5,137,000 after acquiring an additional 75,820 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Enterprise Financial Services in the second quarter worth approximately $1,376,000. Institutional investors and hedge funds own 76.49% of the company’s stock.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the 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.

Featured Article: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

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.

Leave a Reply