Enterprise Financial Services Corp. (EFSC) Hits New 12-Month High at $31.25
Enterprise Financial Services Corp. (NASDAQ:EFSC)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $31.25 and last traded at $31.23, with a volume of 48,900 shares. The stock had previously closed at $31.06.
A number of brokerages have recently issued reports on EFSC. Zacks Investment Research upgraded shares of Enterprise Financial Services Corp. from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday, August 1st. Keefe, Bruyette & Woods boosted their price target on shares of Enterprise Financial Services Corp. from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, July 29th. Finally, Piper Jaffray Cos. started coverage on shares of Enterprise Financial Services Corp. in a research note on Monday, July 11th. They set an “overweight” rating and a $31.25 price target for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.81.
The firm has a market capitalization of $625.16 million and a price-to-earnings ratio of 14.54. The firm has a 50 day moving average price of $29.35 and a 200-day moving average price of $27.86.
Enterprise Financial Services Corp. (NASDAQ:EFSC) last released its earnings results on Thursday, July 28th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by $0.04. On average, analysts predict that Enterprise Financial Services Corp. will post $2.29 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.41%. This is a positive change from Enterprise Financial Services Corp.’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, September 13th.
In other Enterprise Financial Services Corp. news, Director James Murphy sold 20,000 shares of the firm’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $26.48, for a total value of $529,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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