Enterprise Financial Services Corp (NASDAQ:EFSC) – Equities research analysts at DA Davidson lowered their Q4 2018 EPS estimates for shares of Enterprise Financial Services in a research report issued to clients and investors on Wednesday, October 24th, Zacks Investment Research reports. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $0.98 per share for the quarter, down from their prior estimate of $0.99. DA Davidson has a “In-Line” rating and a $60.00 price target on the stock. DA Davidson also issued estimates for Enterprise Financial Services’ FY2019 earnings at $3.90 EPS.
Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, October 22nd. The bank reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Enterprise Financial Services had a return on equity of 13.72% and a net margin of 27.39%. The business had revenue of $56.50 million during the quarter, compared to analyst estimates of $57.95 million.
EFSC has been the subject of a number of other reports. BidaskClub raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, October 6th. Keefe, Bruyette & Woods raised Enterprise Financial Services from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $57.00 to $60.00 in a research report on Monday, November 5th. Zacks Investment Research raised Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Thursday, October 25th. Finally, ValuEngine lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $54.50.
Enterprise Financial Services stock traded up $0.02 during midday trading on Monday, reaching $44.10. The stock had a trading volume of 109,767 shares, compared to its average volume of 133,611. Enterprise Financial Services has a 12 month low of $40.47 and a 12 month high of $58.15. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.40 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.05 and a quick ratio of 1.05.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. purchased a new position in shares of Enterprise Financial Services in the 3rd quarter worth approximately $133,000. Brand Asset Management Group Inc. purchased a new position in shares of Enterprise Financial Services in the 2nd quarter worth approximately $134,000. Meeder Asset Management Inc. boosted its stake in shares of Enterprise Financial Services by 294.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,523 shares of the bank’s stock worth $136,000 after buying an additional 1,884 shares during the last quarter. UBS Group AG boosted its stake in shares of Enterprise Financial Services by 94.2% in the 1st quarter. UBS Group AG now owns 4,099 shares of the bank’s stock worth $192,000 after buying an additional 1,988 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Enterprise Financial Services by 496.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,666 shares of the bank’s stock worth $198,000 after buying an additional 3,051 shares during the last quarter. Hedge funds and other institutional investors own 78.30% of the company’s stock.
In other Enterprise Financial Services news, insider Douglas Bauche sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $56.20, for a total transaction of $42,150.00. Following the completion of the sale, the insider now directly owns 2,761 shares of the company’s stock, valued at approximately $155,168.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John S. Eulich acquired 10,000 shares of the firm’s stock in a transaction on Friday, November 9th. The shares were bought at an average cost of $45.84 per share, with a total value of $458,400.00. Following the completion of the acquisition, the director now directly owns 1,908 shares in the company, valued at approximately $87,462.72. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.13 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Thursday, December 13th. Enterprise Financial Services’s payout ratio is currently 18.60%.
About Enterprise Financial Services
Enterprise Financial Services Corp operates as the 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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