Enterprise Financial Services (NASDAQ:EFSC) Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Enterprise Financial Services from “hold” to “sell,” contrasting with a broader consensus “Moderate Buy” rating and a $70.00 target price.
• EFSC shares opened at $61.60, down 0.9%, while the bank’s latest quarterly results missed expectations: EPS was $1.13 versus the $1.33 consensus estimate, and revenue was $187.37 million versus $189.15 million expected.
• Institutional investors continued adjusting their positions, and hedge funds and other institutions own 72.21% of the company’s stock.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Stephens started coverage on shares of Enterprise Financial Services in a research report on Friday. They issued an "equal weight" rating and a $70.00 price objective on the stock. Raymond James Financial lifted their target price 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. Piper Sandler raised their price objective on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, July 27th. Finally, Keefe, Bruyette & Woods increased their target price on Enterprise Financial Services from $70.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.00.

Enterprise Financial Services Trading Down 0.9%

Enterprise Financial Services stock opened at $61.60 on Friday. The stock 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 fifty-two week low of $51.18 and a fifty-two week high of $68.73. The firm's fifty day moving average price is $65.02 and its 200-day moving average price is $61.25. 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 (NASDAQ:EFSC - Get Free Report) last posted 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). Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. The business had revenue of $187.37 million for the quarter, compared to the consensus estimate of $189.15 million. Equities research analysts forecast that Enterprise Financial Services will post 5.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of Enterprise Financial Services in the second quarter valued at about $509,000. Engineers Gate Manager LP grew its stake in shares of Enterprise Financial Services by 221.4% in the second quarter. Engineers Gate Manager LP now owns 16,037 shares of the bank's stock worth $1,057,000 after purchasing an additional 11,047 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Enterprise Financial Services in the second quarter worth about $1,452,000. Nykredit A S purchased a new position in Enterprise Financial Services during the 2nd quarter valued at about $39,000. Finally, Allianz Asset Management GmbH purchased a new position in Enterprise Financial Services during the 2nd quarter valued at about $955,000. 72.21% of the stock is 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.

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