Zacks Investment Research lowered shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

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. “

EFSC has been the subject of several other reports. Piper Jaffray Companies reissued a buy rating and set a $48.00 price objective on shares of Enterprise Financial Services Corporation in a report on Friday, July 28th. BidaskClub raised shares of Enterprise Financial Services Corporation from a sell rating to a hold rating in a report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $45.00 price objective on shares of Enterprise Financial Services Corporation in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $43.00.

Enterprise Financial Services Corporation (NASDAQ EFSC) traded down 0.93% on Wednesday, reaching $37.45. 37,210 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $38.93 and a 200-day moving average price of $41.23. The company has a market capitalization of $878.65 million, a PE ratio of 16.30 and a beta of 0.87. Enterprise Financial Services Corporation has a 1-year low of $30.50 and a 1-year high of $46.25.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last released its quarterly earnings data on Monday, July 24th. The bank reported $0.56 earnings per share for the quarter, missing the 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 analysts’ expectations of $51.91 million. On average, equities research analysts anticipate that Enterprise Financial Services Corporation will post $2.52 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.16%. Enterprise Financial Services Corporation’s dividend payout ratio is currently 18.97%.

In other Enterprise Financial Services Corporation news, insider Douglas Bauche sold 1,200 shares of the company’s 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 directly owns 1,639 shares of the company’s stock, valued at $62,462.29. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Holmes bought 2,556 shares of Enterprise Financial Services Corporation stock in a transaction 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 completion of the acquisition, the director now owns 2,716 shares of the company’s stock, 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.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Enterprise Financial Services Corporation by 1.8% during the second quarter. Vanguard Group Inc. now owns 969,746 shares of the bank’s stock valued at $39,565,000 after buying an additional 17,470 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Enterprise Financial Services Corporation by 3.9% during the second quarter. Dimensional Fund Advisors LP now owns 925,174 shares of the bank’s stock valued at $37,747,000 after buying an additional 34,830 shares during the last quarter. State Street Corp increased its holdings in Enterprise Financial Services Corporation by 73.1% during the second quarter. State Street Corp now owns 645,810 shares of the bank’s stock valued at $26,349,000 after buying an additional 272,775 shares during the last quarter. Kennedy Capital Management Inc. increased its holdings in Enterprise Financial Services Corporation by 36.5% during the second quarter. Kennedy Capital Management Inc. now owns 426,541 shares of the bank’s stock valued at $17,403,000 after buying an additional 114,118 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Enterprise Financial Services Corporation by 14.8% during the second quarter. Northern Trust Corp now owns 419,404 shares of the bank’s stock valued at $17,112,000 after buying an additional 54,189 shares during the last quarter. 72.88% of the stock is owned by institutional investors and hedge funds.

Enterprise Financial Services Corporation Company Profile

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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