Enterprise Financial Services Corporation (NASDAQ:EFSC) President Scott Richard Goodman sold 3,700 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $45.85, for a total transaction of $169,645.00. Following the completion of the transaction, the president now directly owns 38,269 shares of the company’s stock, valued at $1,754,633.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Enterprise Financial Services Corporation (NASDAQ:EFSC) opened at $44.50 on Wednesday. Enterprise Financial Services Corporation has a fifty-two week low of $36.65 and a fifty-two week high of $46.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $1,044.84, a price-to-earnings ratio of 18.05, a P/E/G ratio of 2.00 and a beta of 0.88.
Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, October 23rd. The bank reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $54.00 million during the quarter, compared to analyst estimates of $54.11 million. Enterprise Financial Services had a net margin of 24.73% and a return on equity of 11.15%. research analysts predict that Enterprise Financial Services Corporation will post 2.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, December 14th. Enterprise Financial Services’s payout ratio is 18.18%.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Thursday, October 26th. Piper Jaffray Companies reissued an “overweight” rating and issued a $49.00 target price on shares of Enterprise Financial Services in a report on Friday, October 6th. ValuEngine lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $46.00 target price on shares of Enterprise Financial Services in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.33.
A number of hedge funds and other institutional investors have recently bought and sold shares of EFSC. Teachers Advisors LLC boosted its stake in Enterprise Financial Services by 11.6% during the first quarter. Teachers Advisors LLC now owns 37,381 shares of the bank’s stock worth $1,585,000 after buying an additional 3,876 shares during the period. Legal & General Group Plc boosted its stake in Enterprise Financial Services by 4.5% during the first quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock worth $215,000 after buying an additional 219 shares during the period. Vanguard Group Inc. boosted its stake in Enterprise Financial Services by 10.3% during the first quarter. Vanguard Group Inc. now owns 952,276 shares of the bank’s stock worth $40,376,000 after buying an additional 89,165 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Enterprise Financial Services by 5.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 96,164 shares of the bank’s stock worth $4,078,000 after buying an additional 5,106 shares during the period. Finally, State Street Corp boosted its stake in Enterprise Financial Services by 5.1% during the first quarter. State Street Corp now owns 373,035 shares of the bank’s stock worth $15,817,000 after buying an additional 18,021 shares during the period. 74.46% of the stock is owned by institutional investors.
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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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