Enterprise Financial Services (NASDAQ:EFSC) Stock Rating Lowered by Wall Street Zen

Enterprise Financial Services (NASDAQ:EFSC) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on the company. Raymond James Financial upped their target price on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Stephens assumed coverage on Enterprise Financial Services in a research note on Friday. They set an “equal weight” rating and a $70.00 price target on the stock. Piper Sandler lifted their price objective on Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Keefe, Bruyette & Woods upped their price objective on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Four investment 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 an average rating of “Moderate Buy” and a consensus price target of $70.00.

Enterprise Financial Services Stock Performance

Enterprise Financial Services stock opened at $61.60 on Friday. The company has a 50 day moving average price of $65.02 and a 200-day moving average price of $61.27. 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 fifty-two week low of $51.18 and a fifty-two week high of $68.73. The company has a market capitalization of $2.23 billion, a PE ratio of 12.25 and a beta of 0.78.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data 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). The firm had revenue of $187.37 million during the quarter, compared to the consensus estimate 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, equities analysts forecast that Enterprise Financial Services will post 5.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nykredit A S purchased a new stake in shares of Enterprise Financial Services during the 2nd quarter worth $39,000. Northwestern Mutual Wealth Management Co. purchased a new position in Enterprise Financial Services in the second quarter valued at about $60,000. Fifth Third Bancorp purchased a new position in Enterprise Financial Services in the first quarter valued at about $109,000. Sanctuary Advisors LLC bought a new position in Enterprise Financial Services in the second quarter worth about $231,000. Finally, Quantbot Technologies LP bought a new position in Enterprise Financial Services in the second quarter worth about $291,000. 72.21% of the stock is currently owned by hedge funds and other 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.