Stephens Upgrades Enterprise Financial Services (NASDAQ:EFSC) to “Hold”

Enterprise Financial Services (NASDAQ:EFSC) was upgraded by investment analysts at Stephens to a “hold” rating in a report issued on Thursday, Zacks reports.

Other equities research analysts have also issued research reports about the stock. Piper Sandler raised their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. 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. Raymond James Financial boosted their price target on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Enterprise Financial Services presently has an average rating of “Moderate Buy” and an average target price of $70.00.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $61.60 on Thursday. The company has a market capitalization of $2.23 billion, a P/E ratio of 12.25 and a beta of 0.78. Enterprise Financial Services has a fifty-two week low of $51.18 and a fifty-two week high of $68.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average price of $65.02 and a two-hundred day moving average price of $61.25.

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

Institutional Investors Weigh In On Enterprise Financial Services

Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Enterprise Financial Services by 3,318.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 28,472 shares of the bank’s stock valued at $1,537,000 after purchasing an additional 27,639 shares during the last quarter. Emerald Investment Advisers LLC purchased a new stake in shares of Enterprise Financial Services in the 2nd quarter worth approximately $5,922,000. Corient Private Wealth LP bought a new position in Enterprise Financial Services during the 2nd quarter valued at approximately $2,598,000. NFJ Investment Group LLC bought a new position in Enterprise Financial Services during the 2nd quarter valued at approximately $5,993,000. Finally, Bank of America Corp DE raised its stake in Enterprise Financial Services by 5.7% during the first quarter. Bank of America Corp DE now owns 397,357 shares of the bank’s stock valued at $21,501,000 after buying an additional 21,269 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Company Profile

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.