Enterprise Financial Services Corp. (EFSC) Hits New 12-Month High at $30.90
Shares of Enterprise Financial Services Corp. (NASDAQ:EFSC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.90 and last traded at $30.86, with a volume of 43,077 shares changing hands. The stock had previously closed at $30.40.
A number of brokerages have weighed in on EFSC. Zacks Investment Research raised 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 report on Monday, August 1st. Keefe, Bruyette & Woods boosted their price target 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. Finally, Piper Jaffray Cos. began coverage on Enterprise Financial Services Corp. in a research report on Monday, July 11th. They set an “overweight” rating and a $31.25 price target on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Enterprise Financial Services Corp. has an average rating of “Buy” and an average price target of $31.81.
The stock has a 50 day moving average price of $29.07 and a 200 day moving average price of $27.79. The stock has a market capitalization of $615.55 million and a P/E ratio of 14.32.
Enterprise Financial Services Corp. (NASDAQ:EFSC) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.04. On average, equities analysts expect that Enterprise Financial Services Corp. will post $2.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This is a positive change from Enterprise Financial Services Corp.’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.43%.
In other news, Director James Murphy sold 1,000 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $28.45, for a total transaction of $28,450.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
An institutional investor recently raised its position in Enterprise Financial Services Corp. stock. California Public Employees Retirement System raised its stake in shares of Enterprise Financial Services Corp. (NASDAQ:EFSC) by 7.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 93,100 shares of the company’s stock after buying an additional 6,800 shares during the period. California Public Employees Retirement System owned 0.47% of Enterprise Financial Services Corp. worth $2,639,000 at the end of the most recent quarter.
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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