Enterprise Financial Services Corp (NASDAQ:EFSC) – Investment analysts at DA Davidson lifted their Q1 2019 earnings per share estimates for shares of Enterprise Financial Services in a research report issued on Wednesday, January 23rd, Zacks Investment Research reports. DA Davidson analyst J. Rulis now expects that the bank will earn $0.97 per share for the quarter, up from their previous estimate of $0.93.
Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Monday, December 17th. BidaskClub raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. ValuEngine downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Finally, FIG Partners upgraded Enterprise Financial Services from a “market perform” rating to an “outperform” rating in a research report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $55.25.
Shares of NASDAQ:EFSC traded up $0.90 during midday trading on Thursday, reaching $45.74. The company’s stock had a trading volume of 50,331 shares, compared to its average volume of 112,819. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $1.06 billion, a PE ratio of 12.67, a P/E/G ratio of 1.26 and a beta of 1.14. Enterprise Financial Services has a 12-month low of $36.09 and a 12-month high of $58.15.
Several large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its position in shares of Enterprise Financial Services by 23.9% during the fourth quarter. Legal & General Group Plc now owns 4,481 shares of the bank’s stock worth $169,000 after purchasing an additional 864 shares during the last quarter. Smith Moore & CO. raised its holdings in shares of Enterprise Financial Services by 12.9% in the fourth quarter. Smith Moore & CO. now owns 11,052 shares of the bank’s stock valued at $416,000 after acquiring an additional 1,259 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Enterprise Financial Services by 26.0% in the fourth quarter. Segall Bryant & Hamill LLC now owns 198,970 shares of the bank’s stock valued at $7,487,000 after acquiring an additional 41,055 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Enterprise Financial Services by 364.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,392 shares of the bank’s stock valued at $278,000 after acquiring an additional 5,799 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Enterprise Financial Services by 20.7% in the fourth quarter. Squarepoint Ops LLC now owns 5,840 shares of the bank’s stock valued at $220,000 after acquiring an additional 1,002 shares in the last quarter. Institutional investors and hedge funds own 77.85% of the company’s stock.
In other news, President Scott Richard Goodman sold 1,000 shares of Enterprise Financial Services stock in a transaction on Friday, December 21st. The stock was sold at an average price of $38.05, for a total transaction of $38,050.00. Following the completion of the sale, the president now directly owns 46,438 shares in the company, valued at $1,766,965.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.22%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, March 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is 14.40%.
About Enterprise Financial Services
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.
