Shares of Enterprise Financial Services Corp (NASDAQ:EFSC) have received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $56.00.
Several analysts recently issued reports on EFSC shares. Zacks Investment Research cut Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday, July 12th.
NASDAQ:EFSC opened at $41.92 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.94 and a quick ratio of 0.94. Enterprise Financial Services has a 12-month low of $36.09 and a 12-month high of $58.00. The stock’s 50-day simple moving average is $40.95. The stock has a market capitalization of $1.15 billion, a PE ratio of 11.61, a P/E/G ratio of 1.21 and a beta of 1.14.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, September 12th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.15. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 16.62%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Patriot Financial Partners GP LP purchased a new position in shares of Enterprise Financial Services in the 1st quarter worth approximately $40,623,000. Enterprise Financial Services Corp boosted its holdings in shares of Enterprise Financial Services by 58.1% in the 1st quarter. Enterprise Financial Services Corp now owns 563,235 shares of the bank’s stock worth $22,963,000 after purchasing an additional 207,078 shares during the period. Peregrine Capital Management LLC purchased a new position in shares of Enterprise Financial Services in the 2nd quarter worth approximately $8,216,000. BlackRock Inc. boosted its holdings in shares of Enterprise Financial Services by 4.0% in the 4th quarter. BlackRock Inc. now owns 1,754,043 shares of the bank’s stock worth $66,005,000 after purchasing an additional 67,316 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Enterprise Financial Services by 6.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,058,150 shares of the bank’s stock worth $43,141,000 after purchasing an additional 66,825 shares during the period. Institutional investors and hedge funds own 71.52% of the company’s stock.
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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