BidaskClub Lowers Enterprise Financial Services (NASDAQ:EFSC) to Sell

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Enterprise Financial Services (NASDAQ:EFSC) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday, BidAskClub reports.

Separately, Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target for the company in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Enterprise Financial Services has a consensus rating of “Hold” and an average price target of $55.00.

NASDAQ:EFSC opened at $40.67 on Friday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 1.15 and a beta of 1.14. Enterprise Financial Services has a one year low of $36.09 and a one year high of $58.15. The stock has a 50-day moving average price of $40.75. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.64.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.01). The firm 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, analysts expect that Enterprise Financial Services will post 3.94 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in Enterprise Financial Services by 18.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the bank’s stock valued at $54,000 after acquiring an additional 227 shares during the period. Brand Asset Management Group Inc. boosted its stake in Enterprise Financial Services by 49.3% in the first quarter. Brand Asset Management Group Inc. now owns 1,645 shares of the bank’s stock valued at $127,000 after acquiring an additional 543 shares during the period. Alps Advisors Inc. boosted its stake in Enterprise Financial Services by 8.5% in the first quarter. Alps Advisors Inc. now owns 9,360 shares of the bank’s stock valued at $382,000 after acquiring an additional 735 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Enterprise Financial Services by 5.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 16,992 shares of the bank’s stock valued at $693,000 after acquiring an additional 820 shares during the period. Finally, Legal & General Group Plc boosted its stake in Enterprise Financial Services by 23.9% in the fourth quarter. Legal & General Group Plc now owns 4,481 shares of the bank’s stock valued at $169,000 after acquiring an additional 864 shares during the period. Institutional investors own 70.92% of the company’s stock.

About Enterprise Financial Services

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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