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

Key Points

• Wall Street Zen downgraded Enterprise Financial Services from “hold” to “sell,” though analyst sentiment overall remains “buy,” with a consensus price target of $69.20.
• The bank reported quarterly EPS of $1.17, below the $1.38 consensus estimate; revenue of $192.53 million also slightly missed expectations.

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

Several other research firms have also issued reports on EFSC. Benchmark upgraded shares of Enterprise Financial Services to a "strong-buy" rating in a report on Wednesday, September 23rd. Keefe, Bruyette & Woods upped their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Enterprise Financial Services in a research report on Tuesday, October 6th. Piper Sandler raised Enterprise Financial Services from a "neutral" rating to an "overweight" rating and set a $64.00 price objective for the company in a research report on Friday, October 23rd. Finally, Stephens assumed coverage on Enterprise Financial Services in a research note on Friday, September 18th. They set an "equal weight" rating and a $70.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $69.20.

Enterprise Financial Services Stock Performance

Shares of NASDAQ EFSC opened at $62.05 on Friday. Enterprise Financial Services has a 1-year low of $51.18 and a 1-year high of $68.73. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 12.46 and a beta of 0.82. The stock's 50-day moving average is $61.45 and its 200 day moving average is $60.78. The company has a current ratio of 0.84, a quick ratio of 0.85 and a debt-to-equity ratio of 0.27.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The bank reported $1.17 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.21). The business had revenue of $192.53 million for the quarter, compared to the consensus estimate of $193.09 million. Enterprise Financial Services had a return on equity of 9.66% and a net margin of 18.83%. On average, sell-side analysts anticipate that Enterprise Financial Services will post 5.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Enterprise Financial Services during the second quarter valued at approximately $235,007,000. Dimensional Fund Advisors LP increased its position in shares of Enterprise Financial Services by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank's stock valued at $118,435,000 after acquiring an additional 65,912 shares in the last quarter. Bank of America Corp DE raised its holdings in Enterprise Financial Services by 5.7% in the 1st quarter. Bank of America Corp DE now owns 397,357 shares of the bank's stock worth $21,501,000 after acquiring an additional 21,269 shares during the last quarter. Enterprise Financial Services Corp raised its holdings in Enterprise Financial Services by 0.3% in the 1st quarter. Enterprise Financial Services Corp now owns 332,562 shares of the bank's stock worth $17,995,000 after acquiring an additional 983 shares during the last quarter. Finally, Glenmede Trust Co. NA purchased a new position in Enterprise Financial Services in the 1st quarter worth approximately $10,093,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

About Enterprise Financial Services

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Its principal subsidiary, Enterprise Bank & Trust, provides banking and financial services to businesses, professionals, institutions and individuals.

The company offers commercial and small-business lending, deposit accounts, treasury management, private banking, wealth management, trust and estate services, and other financial solutions. Its commercial banking capabilities include financing for working capital, equipment, real estate and business expansion.

Enterprise Bank & Trust serves customers through banking markets that include St.

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