Enterprise Financial Services Corp. (NASDAQ:EFSC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm presently has a $37.00 target price on the stock. Zacks Investment Research’s target price points to a potential upside of 12.80% from the stock’s previous close.

According to Zacks, “Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis and Kansas City, with a primary focus on serving the needs of privately held businesses, their owners and other success-minded individuals. “

Several other equities research analysts have also commented on EFSC. DA Davidson upped their price objective on Enterprise Financial Services Corp. from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday. Piper Jaffray Cos. began coverage on Enterprise Financial Services Corp. in a research report on Monday, July 11th. They issued an “overweight” rating and a $31.25 price objective on the stock. Finally, Keefe, Bruyette & Woods upped their price objective on Enterprise Financial Services Corp. from $30.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $33.31.

Enterprise Financial Services Corp. (NASDAQ:EFSC) traded up 1.64% on Friday, reaching $32.80. 103,250 shares of the company’s stock were exchanged. The firm has a market cap of $656.59 million, a PE ratio of 15.27 and a beta of 0.78. The firm has a 50 day moving average price of $31.31 and a 200 day moving average price of $28.61. Enterprise Financial Services Corp. has a one year low of $25.01 and a one year high of $33.37.

Enterprise Financial Services Corp. (NASDAQ:EFSC) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.49 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%. On average, equities analysts anticipate that Enterprise Financial Services Corp. will post $2.29 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.11 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 1.34%. Enterprise Financial Services Corp.’s dividend payout ratio (DPR) is 20.47%.

Several hedge funds and other institutional investors have recently made changes to their positions in EFSC. Victory Capital Management Inc. raised its position in shares of Enterprise Financial Services Corp. by 43.0% in the second quarter. Victory Capital Management Inc. now owns 35,910 shares of the company’s stock worth $1,002,000 after buying an additional 10,800 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Enterprise Financial Services Corp. during the second quarter worth $357,000. California Public Employees Retirement System raised its position in shares of Enterprise Financial Services Corp. by 2.4% in the second quarter. California Public Employees Retirement System now owns 77,200 shares of the company’s stock worth $2,153,000 after buying an additional 1,800 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Enterprise Financial Services Corp. by 6.4% in the second quarter. Mutual of America Capital Management LLC now owns 143,779 shares of the company’s stock worth $4,010,000 after buying an additional 8,637 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Enterprise Financial Services Corp. by 11.4% in the second quarter. Swiss National Bank now owns 35,064 shares of the company’s stock worth $978,000 after buying an additional 3,600 shares during the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.

About Enterprise Financial Services Corp.

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.

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