Enterprise Financial Services (NASDAQ:EFSC - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.
Separately, Wall Street Zen upgraded shares of Enterprise Financial Services from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Enterprise Financial Services presently has a consensus rating of "Buy" and a consensus price target of $64.33.
Read Our Latest Research Report on Enterprise Financial Services
Enterprise Financial Services Stock Down 0.7%
EFSC stock opened at $57.05 on Wednesday. Enterprise Financial Services has a 12-month low of $45.22 and a 12-month high of $63.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 10.83 and a beta of 0.88. The company has a 50 day moving average of $58.54 and a two-hundred day moving average of $55.18.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The bank reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.17. The business had revenue of $176.05 million for the quarter, compared to the consensus estimate of $166.82 million. Enterprise Financial Services had a net margin of 21.28% and a return on equity of 11.19%. On average, equities analysts anticipate that Enterprise Financial Services will post 4.97 earnings per share for the current fiscal year.
Insider Buying and Selling at Enterprise Financial Services
In other Enterprise Financial Services news, Director Michael E. Finn bought 1,500 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were acquired at an average cost of $54.11 per share, for a total transaction of $81,165.00. Following the transaction, the director owned 3,000 shares in the company, valued at approximately $162,330. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.30% of the company's stock.
Hedge Funds Weigh In On Enterprise Financial Services
A number of institutional investors have recently modified their holdings of the stock. Nuveen LLC bought a new stake in Enterprise Financial Services in the first quarter valued at approximately $22,901,000. Thrivent Financial for Lutherans increased its position in shares of Enterprise Financial Services by 350.6% during the second quarter. Thrivent Financial for Lutherans now owns 392,878 shares of the bank's stock worth $21,647,000 after acquiring an additional 305,694 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Enterprise Financial Services by 10.8% during the first quarter. Vanguard Group Inc. now owns 2,314,377 shares of the bank's stock worth $124,375,000 after acquiring an additional 225,369 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Enterprise Financial Services during the second quarter worth $4,959,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Enterprise Financial Services during the first quarter worth $4,771,000. 72.21% of the stock is owned by institutional investors.
Enterprise Financial Services Company Profile
(
Get Free Report)
Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.
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