Wall Street Zen Upgrades Enterprise Financial Services (NASDAQ:EFSC) to Hold

Enterprise Financial Services (NASDAQ:EFSC) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

EFSC has been the subject of a number of other research reports. Raymond James Financial increased their target price on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods boosted their price target on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Piper Sandler upped their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.00.

Enterprise Financial Services Price Performance

Shares of Enterprise Financial Services stock opened at $64.66 on Friday. The business’s fifty day moving average price is $65.48 and its two-hundred day moving average price is $60.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $2.34 billion, a P/E ratio of 12.85 and a beta of 0.78. Enterprise Financial Services has a 1-year low of $51.18 and a 1-year high of $68.73.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). The business had revenue of $187.37 million for the quarter, compared to analyst estimates of $189.15 million. Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%. As a group, research analysts forecast that Enterprise Financial Services will post 5.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EFSC. Y Intercept Hong Kong Ltd boosted its stake in shares of Enterprise Financial Services by 2.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 8,352 shares of the bank’s stock worth $452,000 after acquiring an additional 219 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Enterprise Financial Services by 9.8% in the 4th quarter. Federated Hermes Inc. now owns 2,890 shares of the bank’s stock valued at $156,000 after acquiring an additional 259 shares in the last quarter. Comerica Bank boosted its position in Enterprise Financial Services by 17.4% during the third quarter. Comerica Bank now owns 2,041 shares of the bank’s stock worth $118,000 after purchasing an additional 303 shares during the period. Cetera Investment Advisers boosted its position in Enterprise Financial Services by 3.7% during the first quarter. Cetera Investment Advisers now owns 9,434 shares of the bank’s stock worth $510,000 after purchasing an additional 333 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Enterprise Financial Services by 1.0% during the second quarter. California State Teachers Retirement System now owns 34,482 shares of the bank’s stock valued at $1,900,000 after purchasing an additional 345 shares during the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.