Stephens Initiates Coverage on Enterprise Financial Services (NASDAQ:EFSC)

Equities researchers at Stephens initiated coverage on shares of Enterprise Financial Services (NASDAQ:EFSC) in a note issued to investors on Friday, Benzinga reports. The firm set an “equal weight” rating and a $70.00 price target on the bank’s stock. Stephens’ price objective would indicate a potential upside of 12.65% from the company’s previous close.

EFSC has been the subject of a number of other research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Piper Sandler increased their target price on Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Raymond James Financial upped their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods increased their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Enterprise Financial Services has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $62.14 on Friday. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 12.35 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. Enterprise Financial Services has a 52 week low of $51.18 and a 52 week high of $68.73. The company has a 50-day simple moving average of $65.10 and a 200 day simple moving average of $61.24.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.20). The firm had revenue of $187.37 million during the quarter, compared to analyst estimates of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. On average, sell-side analysts predict that Enterprise Financial Services will post 5.31 earnings per share for the current year.

Institutional Trading of Enterprise Financial Services

A number of institutional investors have recently bought and sold shares of EFSC. BlackRock Inc. acquired a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at about $235,007,000. Bank of America Corp DE bought a new position in Enterprise Financial Services in the second quarter worth approximately $22,714,000. Glenmede Trust Co. NA bought a new position in Enterprise Financial Services in the first quarter worth approximately $10,093,000. Bank of New York Mellon Corp acquired a new stake in Enterprise Financial Services in the second quarter valued at approximately $11,415,000. Finally, Empowered Funds LLC acquired a new stake in Enterprise Financial Services in the second quarter valued at approximately $10,776,000. Institutional investors own 72.21% of the company’s stock.

About Enterprise Financial Services

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Through its principal subsidiary, Enterprise Bank & Trust, the company provides banking and wealth management services to businesses, professionals, individuals and families.

Enterprise Bank & Trust offers commercial and personal deposit accounts, loans, lines of credit, treasury management, cash management, online banking and other financial services. Its commercial banking activities include lending to operating companies, commercial real estate borrowers and small businesses, while its wealth management business provides investment management, trust, financial planning and related services.

Founded in 1990, the company serves clients through banking and wealth management operations in Missouri, Kansas, Arizona and New Mexico.