Enterprise Financial Services (EFSC) Rating Reiterated by Piper Jaffray Companies

Enterprise Financial Services (NASDAQ:EFSC)‘s stock had its “buy” rating reiterated by equities research analysts at Piper Jaffray Companies in a research report issued to clients and investors on Tuesday. They currently have a $54.50 target price on the bank’s stock. Piper Jaffray Companies’ target price would suggest a potential upside of 15.83% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Thursday, October 26th. ValuEngine lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $46.00 price objective on shares of Enterprise Financial Services in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Enterprise Financial Services has a consensus rating of “Hold” and a consensus price target of $50.83.

Shares of Enterprise Financial Services (NASDAQ EFSC) traded up $0.50 during trading hours on Tuesday, reaching $47.05. 166,328 shares of the company’s stock traded hands, compared to its average volume of 150,029. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.05. Enterprise Financial Services has a 52-week low of $36.65 and a 52-week high of $47.05. The company has a market cap of $1,070.00, a PE ratio of 19.44, a PEG ratio of 1.61 and a beta of 0.87.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Enterprise Financial Services had a net margin of 24.73% and a return on equity of 11.15%. The firm had revenue of $54.00 million for the quarter, compared to analysts’ expectations of $54.11 million. research analysts expect that Enterprise Financial Services will post 2.52 EPS for the current year.

In related news, President Scott Richard Goodman sold 3,700 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $45.85, for a total value of $169,645.00. Following the transaction, the president now owns 38,269 shares in the company, valued at approximately $1,754,633.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Douglas Bauche sold 960 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $44.10, for a total transaction of $42,336.00. Following the completion of the transaction, the insider now owns 679 shares in the company, valued at approximately $29,943.90. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in EFSC. Thrivent Financial For Lutherans acquired a new position in Enterprise Financial Services in the 2nd quarter valued at about $13,219,000. State Street Corp grew its stake in Enterprise Financial Services by 73.1% in the 2nd quarter. State Street Corp now owns 645,810 shares of the bank’s stock valued at $26,349,000 after buying an additional 272,775 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Enterprise Financial Services by 113.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 257,415 shares of the bank’s stock valued at $10,503,000 after buying an additional 136,839 shares during the last quarter. Phocas Financial Corp. grew its stake in Enterprise Financial Services by 114.1% in the 2nd quarter. Phocas Financial Corp. now owns 243,246 shares of the bank’s stock valued at $9,924,000 after buying an additional 129,651 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Enterprise Financial Services by 32.9% in the 2nd quarter. Renaissance Technologies LLC now owns 373,200 shares of the bank’s stock valued at $15,227,000 after buying an additional 92,300 shares during the last quarter. Institutional investors and hedge funds own 74.42% of the company’s stock.

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About Enterprise Financial Services

Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.

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