Enterprise Financial Services (EFSC) Downgraded to “Sell” at Zacks Investment Research

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Enterprise Financial Services (NASDAQ:EFSC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis and Kansas City, with a primary focus on serving the needs of privately held businesses, their owners and other success-minded individuals. “

Separately, BidaskClub lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Enterprise Financial Services currently has a consensus rating of “Hold” and a consensus price target of $55.00.

Enterprise Financial Services stock traded down $0.06 during mid-day trading on Friday, hitting $40.23. The company’s stock had a trading volume of 71,300 shares, compared to its average volume of 102,311. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.15 and a beta of 1.16. Enterprise Financial Services has a twelve month low of $36.09 and a twelve month high of $58.15.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.01). The business had revenue of $61.57 million during the quarter, compared to analyst estimates of $61.48 million. Enterprise Financial Services had a return on equity of 13.50% and a net margin of 29.29%. As a group, equities analysts predict that Enterprise Financial Services will post 3.94 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in Enterprise Financial Services by 18.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the bank’s stock worth $54,000 after purchasing an additional 227 shares in the last quarter. Brand Asset Management Group Inc. grew its position in Enterprise Financial Services by 49.3% during the 1st quarter. Brand Asset Management Group Inc. now owns 1,645 shares of the bank’s stock worth $127,000 after purchasing an additional 543 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Enterprise Financial Services by 23.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,149 shares of the bank’s stock worth $88,000 after purchasing an additional 402 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Enterprise Financial Services during the 4th quarter worth approximately $82,000. Finally, Legal & General Group Plc grew its position in Enterprise Financial Services by 23.9% during the 4th quarter. Legal & General Group Plc now owns 4,481 shares of the bank’s stock worth $169,000 after purchasing an additional 864 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.

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