Enterprise Financial Services (NASDAQ:EFSC) Lowered 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 Tuesday morning, BidAskClub reports.

Several other analysts have also recently weighed in on the company. ValuEngine raised Enterprise Financial Services from a sell rating to a hold rating in a report on Wednesday, October 2nd. Zacks Investment Research cut Enterprise Financial Services from a hold rating to a sell rating in a report on Monday, October 7th. Finally, Raymond James assumed coverage on Enterprise Financial Services in a report on Thursday, September 19th. They set an outperform rating and a $48.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Enterprise Financial Services presently has an average rating of Hold and an average target price of $52.00.

NASDAQ:EFSC opened at $40.26 on Tuesday. The business’s 50-day moving average price is $40.18 and its two-hundred day moving average price is $41.01. Enterprise Financial Services has a twelve month low of $36.09 and a twelve month high of $51.88. The stock has a market cap of $1.06 billion, a P/E ratio of 10.32 and a beta of 1.16. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.86.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, July 22nd. The bank reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. Enterprise Financial Services had a return on equity of 13.19% and a net margin of 25.85%. The firm had revenue of $73.68 million for the quarter, compared to analysts’ expectations of $72.27 million. On average, equities research analysts expect that Enterprise Financial Services will post 3.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.59%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, September 12th. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 17.73%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rothschild & Co. Asset Management US Inc. raised its holdings in shares of Enterprise Financial Services by 7.0% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 268,140 shares of the bank’s stock valued at $11,155,000 after buying an additional 17,612 shares in the last quarter. Aperio Group LLC purchased a new position in shares of Enterprise Financial Services during the 2nd quarter valued at about $158,000. Envestnet Asset Management Inc. raised its holdings in shares of Enterprise Financial Services by 38.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,314 shares of the bank’s stock valued at $346,000 after buying an additional 2,324 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Enterprise Financial Services by 5.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 134,142 shares of the bank’s stock valued at $5,581,000 after buying an additional 7,200 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Enterprise Financial Services by 31.8% during the 2nd quarter. Acadian Asset Management LLC now owns 23,565 shares of the bank’s stock valued at $980,000 after buying an additional 5,687 shares in the last quarter. 71.77% of the stock is currently owned by institutional investors.

Enterprise Financial Services Company Profile

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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