Wall Street Zen Upgrades Enterprise Financial Services (NASDAQ:EFSC) to "Hold"

Key Points

• Wall Street Zen upgraded Enterprise Financial Services from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $70.
• EFSC shares opened at $59.84, up 1.0%, with a market capitalization of approximately $2.17 billion; the stock has traded between $51.18 and $68.73 over the past year.
• The bank reported quarterly EPS of $1.13, missing the $1.33 consensus estimate, while institutional investors own a substantial 72.21% of the company’s outstanding shares.

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

Other research analysts have also issued reports about the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Enterprise Financial Services in a report on Tuesday, October 6th. Benchmark raised shares of Enterprise Financial Services to a "strong-buy" rating in a report on Wednesday, September 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Raymond James Financial lifted their price target on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, July 1st. Finally, Piper Sandler boosted their price target on Enterprise Financial Services from $67.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Enterprise Financial Services currently has an average rating of "Moderate Buy" and an average price target of $70.00.

Enterprise Financial Services Trading Up 1.0%

EFSC stock opened at $59.84 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The company has a fifty day moving average price of $62.33 and a two-hundred day moving average price of $62.00. Enterprise Financial Services has a one year low of $51.18 and a one year high of $68.73. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 11.90 and a beta of 0.82.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted 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 analyst estimates of $189.15 million. Equities analysts anticipate that Enterprise Financial Services will post 5.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EFSC. Corient Private Wealth LP acquired a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at approximately $2,598,000. Emerald Investment Advisers LLC bought a new stake in shares of Enterprise Financial Services during the 2nd quarter valued at approximately $5,922,000. NFJ Investment Group LLC bought a new stake in shares of Enterprise Financial Services during the 2nd quarter valued at approximately $5,993,000. Bank of New York Mellon Corp acquired a new position in Enterprise Financial Services during the 2nd quarter worth approximately $11,415,000. Finally, Visionary Wealth Advisors acquired a new position in Enterprise Financial Services during the 2nd quarter worth approximately $1,304,000. 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, entrepreneurs, nonprofit organizations and individuals.

The company's offerings include commercial and industrial lending, commercial real estate financing, construction loans, small-business banking, deposit accounts, treasury management and private banking. Through its wealth-management activities, Enterprise also provides trust, investment-management and related advisory services.

Enterprise Bank & Trust was founded in 1990 and serves clients through banking locations and financial professionals in markets across Missouri, Kansas, Arizona, New Mexico and Colorado.

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