Enterprise Financial Services Corporation (NASDAQ:EFSC)‘s stock had its “overweight” rating reiterated by stock analysts at Piper Jaffray Companies in a report issued on Friday, Marketbeat.com reports. They currently have a $49.00 target price on the bank’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 14.75% from the company’s current price.

Several other research firms have also issued reports on EFSC. BidaskClub upgraded shares of Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $46.00 target price on shares of Enterprise Financial Services Corporation in a report on Tuesday. Finally, Zacks Investment Research lowered shares of Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Enterprise Financial Services Corporation presently has an average rating of “Hold” and an average price target of $43.00.

Shares of Enterprise Financial Services Corporation (NASDAQ EFSC) traded up 0.70% during trading on Friday, hitting $43.00. 39,366 shares of the stock traded hands. The stock has a market cap of $1.01 billion, a PE ratio of 18.71 and a beta of 0.86. The firm’s 50-day moving average price is $39.53 and its 200-day moving average price is $40.69. Enterprise Financial Services Corporation has a 12 month low of $31.35 and a 12 month high of $46.25.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last released its earnings results on Monday, July 24th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.06). The firm had revenue of $53.57 million during the quarter, compared to the consensus estimate of $51.91 million. Enterprise Financial Services Corporation had a return on equity of 11.18% and a net margin of 24.54%. Analysts anticipate that Enterprise Financial Services Corporation will post $2.52 EPS for the current year.

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In related news, Director Michael Holmes acquired 2,556 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average price of $38.74 per share, for a total transaction of $99,019.44. Following the acquisition, the director now directly owns 2,716 shares of the company’s stock, valued at approximately $105,217.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Bauche sold 1,200 shares of Enterprise Financial Services Corporation stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $38.11, for a total transaction of $45,732.00. Following the sale, the insider now owns 1,639 shares of the company’s stock, valued at approximately $62,462.29. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Phocas Financial Corp. lifted its holdings in Enterprise Financial Services Corporation by 114.1% during the 2nd quarter. Phocas Financial Corp. now owns 243,246 shares of the bank’s stock valued at $9,924,000 after buying an additional 129,651 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Enterprise Financial Services Corporation by 8.1% during the 2nd quarter. Sterling Capital Management LLC now owns 32,113 shares of the bank’s stock valued at $1,310,000 after buying an additional 2,412 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Enterprise Financial Services Corporation by 12.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,501 shares of the bank’s stock valued at $674,000 after buying an additional 1,878 shares in the last quarter. State Street Corp lifted its holdings in Enterprise Financial Services Corporation by 73.1% during the 2nd 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 in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Enterprise Financial Services Corporation by 64.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 92,684 shares of the bank’s stock valued at $3,781,000 after buying an additional 36,408 shares in the last quarter. Institutional investors own 72.86% of the company’s stock.

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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