Enterprise Financial Services (NASDAQ:EFSC) Stock Rating Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Enterprise Financial Services from “sell” to “hold.” Despite the upgrade, broader analyst coverage remains favorable, with an average “Buy” rating and a $69.20 price target.
• EFSC opened at $61.81, with a $2.24 billion market capitalization and a 52-week range of $51.18 to $68.73. Its latest quarterly earnings of $1.17 per share fell short of the $1.38 consensus estimate.
• Institutional investors and hedge funds own 72.21% of the company’s stock, with several major firms initiating or adding positions during the second quarter.

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

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

Enterprise Financial Services Trading Down 1.1%

EFSC opened at $61.81 on Friday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 12.41 and a beta of 0.82. The business's 50 day moving average is $61.51 and its two-hundred day moving average is $60.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. 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 posted its quarterly earnings data on Wednesday, October 21st. The bank reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.21). Enterprise Financial Services had a return on equity of 9.52% and a net margin of 18.83%. The company had revenue of $192.53 million for the quarter, compared to analyst estimates of $193.09 million. On average, research analysts predict that Enterprise Financial Services will post 5.09 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EFSC. Corient Private Wealth LP purchased a new stake in shares of Enterprise Financial Services in the second quarter worth approximately $2,598,000. Emerald Investment Advisers LLC acquired a new stake in shares of Enterprise Financial Services during the second quarter worth approximately $5,922,000. NFJ Investment Group LLC purchased a new position in Enterprise Financial Services during the second quarter valued at approximately $5,993,000. Bank of New York Mellon Corp purchased a new position in Enterprise Financial Services during the second quarter valued at approximately $11,415,000. Finally, Bank of America Corp DE purchased a new position in Enterprise Financial Services during the second quarter valued at approximately $22,714,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Enterprise Financial Services Company Profile

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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