Enterprise Financial Services Corp. (NASDAQ:EFSC) saw unusually-high trading volume on Wednesday after DA Davidson raised their price target on the stock from $33.00 to $34.00. DA Davidson currently has a neutral rating on the stock. Approximately 66,906 shares changed hands during trading, a decline of 14% from the previous session’s volume of 78,188 shares.The stock last traded at $32.90 and had previously closed at $32.33.

Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Enterprise Financial Services Corp. from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Monday, August 1st. Keefe, Bruyette & Woods raised their price target on Enterprise Financial Services Corp. from $30.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, July 29th. Finally, Piper Jaffray Cos. initiated coverage on Enterprise Financial Services Corp. in a research note on Monday, July 11th. They set an “overweight” rating and a $31.25 price target on the stock. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $32.06.

A number of institutional investors have recently bought and sold shares of EFSC. American Century Companies Inc. raised its position in Enterprise Financial Services Corp. by 0.9% in the second quarter. American Century Companies Inc. now owns 31,914 shares of the company’s stock valued at $890,000 after buying an additional 282 shares during the period. Parametric Portfolio Associates LLC raised its position in Enterprise Financial Services Corp. by 1.0% in the second quarter. Parametric Portfolio Associates LLC now owns 44,062 shares of the company’s stock valued at $1,229,000 after buying an additional 448 shares during the period. ClariVest Asset Management LLC raised its position in Enterprise Financial Services Corp. by 0.8% in the second quarter. ClariVest Asset Management LLC now owns 86,333 shares of the company’s stock valued at $2,408,000 after buying an additional 700 shares during the period. Teachers Advisors Inc. raised its position in Enterprise Financial Services Corp. by 3.7% in the second quarter. Teachers Advisors Inc. now owns 32,860 shares of the company’s stock valued at $916,000 after buying an additional 1,159 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Enterprise Financial Services Corp. by 2.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 80,293 shares of the company’s stock valued at $2,240,000 after buying an additional 1,578 shares during the period. Institutional investors own 68.30% of the company’s stock.

The company has a market cap of $660.79 million, a P/E ratio of 15.37 and a beta of 0.78. The stock’s 50-day moving average is $31.16 and its 200-day moving average is $28.56.

Enterprise Financial Services Corp. (NASDAQ:EFSC) last posted its earnings results on Thursday, July 28th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.04. Enterprise Financial Services Corp. had a return on equity of 12.11% and a net margin of 26.51%. Equities research analysts expect that Enterprise Financial Services Corp. will post $2.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.11 per share. This is an increase from Enterprise Financial Services Corp.’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.44 annualized dividend and a yield of 1.36%. Enterprise Financial Services Corp.’s dividend payout ratio is 20.47%.

Enterprise Financial Services Corp. Company Profile

Enterprise Financial Services Corp is a financial holding company. The Company is the 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.

5 Day Chart for NASDAQ:EFSC

Receive News & Stock Ratings for Enterprise Financial Services Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services Corp. and related stocks with our FREE daily email newsletter.