Enterprise Financial Services (NASDAQ:EFSC) Upgraded by Stephens to “Hold” Rating

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

A number of other equities research analysts have also weighed in on EFSC. Keefe, Bruyette & Woods lifted their price objective on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Wall Street Zen lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday. Piper Sandler lifted their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Finally, Raymond James Financial boosted their price objective 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. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Enterprise Financial Services currently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

Enterprise Financial Services Stock Performance

Enterprise Financial Services stock opened at $61.60 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $65.02 and a 200-day moving average of $61.25. The firm has a market cap of $2.23 billion, a P/E ratio of 12.25 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 posted 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 business had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. Sell-side analysts expect that Enterprise Financial Services will post 5.31 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EFSC. BlackRock Inc. bought a new stake in shares of Enterprise Financial Services during the second quarter valued at approximately $235,007,000. Dimensional Fund Advisors LP lifted its position in Enterprise Financial Services by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank’s stock valued at $118,435,000 after buying an additional 65,912 shares during the period. PL Capital Advisors LLC boosted its holdings in shares of Enterprise Financial Services by 4.9% during the 4th quarter. PL Capital Advisors LLC now owns 733,329 shares of the bank’s stock valued at $39,600,000 after buying an additional 34,500 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Enterprise Financial Services during the 2nd quarter valued at $22,714,000. Finally, Enterprise Financial Services Corp grew its position in shares of Enterprise Financial Services by 0.3% in the 1st quarter. Enterprise Financial Services Corp now owns 332,562 shares of the bank’s stock worth $17,995,000 after buying an additional 983 shares during the period. Hedge funds and other 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.