Enterprise Financial Services (NASDAQ:EFSC) Now Covered by Analysts at Stephens

Key Points

• Stephens initiated coverage of Enterprise Financial Services with an “equal weight” rating and a $70 price target, implying 12.65% upside from the prior close.
• Analyst sentiment is broadly positive, with four Buy ratings and two Hold ratings producing a consensus “Moderate Buy” rating and an average $70 target.
• Enterprise Financial Services recently reported quarterly EPS of $1.13, below the $1.33 consensus estimate, while revenue of $187.37 million also fell slightly short of expectations.

Research analysts at Stephens began coverage on shares of Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) in a report released on Friday, Benzinga reports. The brokerage set an "equal weight" rating and a $70.00 price target on the bank's stock. Stephens' price objective would indicate a potential upside of 12.65% from the stock's previous close.

Several other equities analysts have also recently weighed in on EFSC. Raymond James Financial boosted their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 1st. Weiss Ratings restated a "buy (b)" rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Piper Sandler boosted their target price on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods upped their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Finally, Wall Street Zen raised shares of Enterprise Financial Services from a "sell" rating to a "hold" rating in a report on Saturday, September 5th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $70.00.

Enterprise Financial Services Stock Performance

EFSC opened at $62.14 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $2.25 billion, a PE ratio of 12.35 and a beta of 0.78. The stock has a 50-day moving average of $65.10 and a 200-day moving average of $61.24. Enterprise Financial Services has a 52-week low of $51.18 and a 52-week high of $68.73.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $187.37 million for the quarter, compared to the consensus estimate of $189.15 million. As a group, equities research analysts forecast that Enterprise Financial Services will post 5.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enterprise Financial Services

A number of institutional investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd grew its holdings in shares of Enterprise Financial Services by 2.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 8,352 shares of the bank's stock worth $452,000 after buying an additional 219 shares in the last quarter. Cetera Investment Advisers increased its holdings in Enterprise Financial Services by 3.7% during the first quarter. Cetera Investment Advisers now owns 9,434 shares of the bank's stock worth $510,000 after buying an additional 333 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Enterprise Financial Services by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 6,707 shares of the bank's stock worth $362,000 after purchasing an additional 432 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Enterprise Financial Services by 1.9% in the 1st quarter. Lazard Asset Management LLC now owns 25,327 shares of the bank's stock valued at $1,370,000 after purchasing an additional 475 shares during the last quarter. Finally, Nykredit A S acquired a new stake in Enterprise Financial Services in the 2nd quarter valued at about $39,000. Institutional investors and hedge funds 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.

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