Enterprise Financial Services (NASDAQ:EFSC) Rating Increased to Hold at Stephens

Key Points

• Stephens upgraded Enterprise Financial Services to a “Hold” rating, while analysts overall maintain a “Moderate Buy” consensus with an average price target of $70.00.
• EFSC shares opened at $61.60, below their 52-week high of $68.73. The stock has a market capitalization of approximately $2.23 billion and a P/E ratio of 12.25.
• The bank’s latest quarterly results missed expectations, reporting $1.13 in EPS versus the $1.33 consensus and revenue of $187.37 million versus $189.15 million expected; institutional investors own 72.21% of the stock.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) was upgraded by equities research analysts at Stephens to a "hold" rating in a research report issued on Thursday, Zacks reports.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods upped their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Weiss Ratings restated a "buy (b)" rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. 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 report on Wednesday, July 1st. Wall Street Zen lowered shares of Enterprise Financial Services from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Piper Sandler raised their price target on Enterprise Financial Services from $67.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, July 27th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $70.00.

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC opened at $61.60 on Thursday. 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 stock has a market cap of $2.23 billion, a PE ratio of 12.25 and a beta of 0.78. The stock has a fifty day moving average of $65.02 and a 200-day moving average of $61.25.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $189.15 million. Equities research analysts anticipate that Enterprise Financial Services will post 5.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in Enterprise Financial Services in the 2nd quarter worth approximately $509,000. Engineers Gate Manager LP lifted its position in Enterprise Financial Services by 221.4% in the second quarter. Engineers Gate Manager LP now owns 16,037 shares of the bank's stock valued at $1,057,000 after purchasing an additional 11,047 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Enterprise Financial Services during the second quarter valued at approximately $1,452,000. Nykredit A S purchased a new stake in shares of Enterprise Financial Services during the second quarter valued at approximately $39,000. Finally, Allianz Asset Management GmbH bought a new position in shares of Enterprise Financial Services in the second quarter worth approximately $955,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.