Enterprise Financial Services (NASDAQ:EFSC) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Enterprise Financial Services from “sell” to “hold.” Despite the change, the broader analyst consensus remains “Moderate Buy,” with four Buy ratings and one Hold rating and an average price target of $70.
• EFSC shares opened at $64.66, trading within a 12-month range of $51.18 to $68.73. The bank’s latest quarterly results missed expectations, reporting $1.13 in earnings per share versus the $1.33 consensus estimate.
• Institutional investors own 72.21% of the company. BlackRock initiated a position worth approximately $235 million, while California State Teachers Retirement System significantly increased its stake.

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.

A number of other analysts also recently weighed in on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Keefe, Bruyette & Woods boosted their price objective on shares of 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 upped 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, Raymond James Financial increased 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 note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $70.00.

Enterprise Financial Services Stock Performance

Shares of NASDAQ EFSC opened at $64.66 on Friday. Enterprise Financial Services has a 12 month low of $51.18 and a 12 month high of $68.73. The company has a market cap of $2.34 billion, a P/E ratio of 12.85 and a beta of 0.78. The business's 50 day moving average is $65.48 and its two-hundred day moving average is $60.98. 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 (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 earnings per share 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 during the quarter, compared to the consensus estimate of $189.15 million. On average, equities analysts expect that Enterprise Financial Services will post 5.31 EPS for the current year.

Institutional Investors Weigh In On Enterprise Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Enterprise Financial Services during the 2nd quarter worth about $235,007,000. Wellington Management Group LLP increased its stake in Enterprise Financial Services by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank's stock valued at $159,414,000 after acquiring an additional 329,346 shares during the period. California State Teachers Retirement System increased its stake in Enterprise Financial Services by 7,926.4% in the second quarter. California State Teachers Retirement System now owns 2,827,306 shares of the bank's stock valued at $186,263,000 after acquiring an additional 2,792,081 shares during the period. Vanguard Group Inc. raised its position in Enterprise Financial Services by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,371,519 shares of the bank's stock worth $128,062,000 after purchasing an additional 13,956 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Enterprise Financial Services by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank's stock worth $118,435,000 after purchasing an additional 65,912 shares in the last quarter. Institutional investors own 72.21% of the company's stock.

About Enterprise Financial Services

Enterprise Financial Services Corp. NASDAQ: EFSC is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.

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