Enterprise Financial Services Corporation (EFSC) Given Overweight Rating at Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their overweight rating on shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) in a research report released on Friday, MarketBeat Ratings reports. Piper Jaffray Companies currently has a $49.00 target price on the bank’s stock.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Enterprise Financial Services Corporation from a sell rating to a hold rating in a research note on Tuesday, September 26th. BidaskClub raised shares of Enterprise Financial Services Corporation from a sell rating to a hold rating in a research note on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $46.00 price objective on shares of Enterprise Financial Services Corporation in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Enterprise Financial Services Corporation currently has an average rating of Hold and a consensus target price of $43.00.

Shares of Enterprise Financial Services Corporation (EFSC) opened at 42.65 on Friday. Enterprise Financial Services Corporation has a 52-week low of $31.60 and a 52-week high of $46.25. The firm has a market capitalization of $1.00 billion, a PE ratio of 18.56 and a beta of 0.86. The company’s 50-day moving average is $39.80 and its 200 day moving average is $40.71.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, July 24th. The bank reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.06). Enterprise Financial Services Corporation had a net margin of 24.54% and a return on equity of 11.18%. The company had revenue of $53.57 million for the quarter, compared to analyst estimates of $51.91 million. Equities analysts expect that Enterprise Financial Services Corporation will post $2.52 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Enterprise Financial Services Corporation (EFSC) Given Overweight Rating at Piper Jaffray Companies” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/enterprise-financial-services-corporation-efsc-given-overweight-rating-at-piper-jaffray-companies.html.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Thursday, September 14th. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is presently 18.97%.

In related news, insider Douglas Bauche sold 1,200 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $38.11, for a total transaction of $45,732.00. Following the completion of the sale, the insider now owns 1,639 shares of the company’s stock, valued at approximately $62,462.29. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Holmes bought 2,556 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $38.74 per share, with a total value of $99,019.44. Following the transaction, the director now owns 2,716 shares in the company, valued at approximately $105,217.84. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE acquired a new stake in Enterprise Financial Services Corporation during the 1st quarter worth approximately $171,000. Legal & General Group Plc increased its position in Enterprise Financial Services Corporation by 4.5% during the 1st quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock worth $215,000 after purchasing an additional 219 shares in the last quarter. Citigroup Inc. increased its position in Enterprise Financial Services Corporation by 272.4% during the 2nd quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock worth $227,000 after purchasing an additional 4,064 shares in the last quarter. Brookstone Capital Management purchased a new position in Enterprise Financial Service

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Enterprise Financial Services Corporation from a sell rating to a hold rating in a research note on Tuesday, September 26th. BidaskClub raised shares of Enterprise Financial Services Corporation from a sell rating to a hold rating in a research note on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $46.00 price objective on shares of Enterprise Financial Services Corporation in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Enterprise Financial Services Corporation currently has an average rating of Hold and a consensus target price of $43.00.

Shares of Enterprise Financial Services Corporation (EFSC) opened at 42.65 on Friday. Enterprise Financial Services Corporation has a 52-week low of $31.60 and a 52-week high of $46.25. The firm has a market capitalization of $1.00 billion, a PE ratio of 18.56 and a beta of 0.86. The company’s 50-day moving average is $39.80 and its 200 day moving average is $40.71.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, July 24th. The bank reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.06). Enterprise Financial Services Corporation had a net margin of 24.54% and a return on equity of 11.18%. The company had revenue of $53.57 million for the quarter, compared to analyst estimates of $51.91 million. Equities analysts expect that Enterprise Financial Services Corporation will post $2.52 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Enterprise Financial Services Corporation (EFSC) Given Overweight Rating at Piper Jaffray Companies” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/enterprise-financial-services-corporation-efsc-given-overweight-rating-at-piper-jaffray-companies.html.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Thursday, September 14th. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is presently 18.97%.

In related news, insider Douglas Bauche sold 1,200 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $38.11, for a total transaction of $45,732.00. Following the completion of the sale, the insider now owns 1,639 shares of the company’s stock, valued at approximately $62,462.29. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Holmes bought 2,556 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $38.74 per share, with a total value of $99,019.44. Following the transaction, the director now owns 2,716 shares in the company, valued at approximately $105,217.84. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE acquired a new stake in Enterprise Financial Services Corporation during the 1st quarter worth approximately $171,000. Legal & General Group Plc increased its position in Enterprise Financial Services Corporation by 4.5% during the 1st quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock worth $215,000 after purchasing an additional 219 shares in the last quarter. Citigroup Inc. increased its position in Enterprise Financial Services Corporation by 272.4% during the 2nd quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock worth $227,000 after purchasing an additional 4,064 shares in the last quarter. Brookstone Capital Management purchased a new position in Enterprise Financial Services Corporation in the 2nd quarter worth approximately $228,000. Finally, Laurion Capital Management LP purchased a new position in Enterprise Financial Services Corporation in the 2nd quarter worth approximately $319,000. 72.86% of the stock is owned by hedge funds and other institutional investors.

About Enterprise Financial Services Corporation

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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