Enterprise Financial Services (NASDAQ:EFSC) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Enterprise Financial Services (NASDAQ:EFSC) was downgraded by Wall Street Zen from hold to sell, even though other recent analyst actions were more positive overall.
• The stock traded up 0.5% and opened at $59.83; it sits above both its 50-day and 200-day moving averages, with a market cap of about $2.19 billion.
• The company’s latest quarterly results showed EPS of $1.31, slightly above expectations, but revenue of $113.74 million came in well below consensus estimates.

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

EFSC has been the topic of a number of other research reports. Weiss Ratings raised shares of Enterprise Financial Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. Piper Sandler increased their price objective on shares of Enterprise Financial Services from $62.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, January 28th. DA Davidson increased their price objective on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Keefe, Bruyette & Woods increased their price objective on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the stock an "outperform" rating in a report on Friday, April 24th. Finally, Raymond James Financial began coverage on shares of Enterprise Financial Services in a report on Tuesday, April 28th. They issued an "outperform" rating and a $65.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $66.00.

Enterprise Financial Services Trading Up 0.5%

Enterprise Financial Services stock opened at $59.83 on Friday. The firm's 50-day moving average is $56.26 and its 200-day moving average is $55.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. Enterprise Financial Services has a 1 year low of $50.88 and a 1 year high of $62.30. The company has a market cap of $2.19 billion, a P/E ratio of 11.29 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.01. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%. The company had revenue of $113.74 million for the quarter, compared to the consensus estimate of $174.02 million. On average, equities analysts expect that Enterprise Financial Services will post 5.55 earnings per share for the current year.

Insider Buying and Selling

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of the firm's stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total transaction of $75,687.50. Following the transaction, the executive vice president owned 23,526 shares of the company's stock, valued at approximately $1,424,499.30. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Enterprise Financial Services

Several large investors have recently bought and sold shares of the stock. Jag Capital Management LLC increased its stake in Enterprise Financial Services by 1.7% during the 3rd quarter. Jag Capital Management LLC now owns 11,336 shares of the bank's stock valued at $657,000 after buying an additional 192 shares during the period. Y Intercept Hong Kong Ltd increased its stake in Enterprise Financial Services by 2.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 8,352 shares of the bank's stock valued at $452,000 after buying an additional 219 shares during the period. First Horizon Corp increased its stake in Enterprise Financial Services by 55.6% during the 4th quarter. First Horizon Corp now owns 708 shares of the bank's stock valued at $38,000 after buying an additional 253 shares during the period. Federated Hermes Inc. increased its stake in Enterprise Financial Services by 9.8% during the 4th quarter. Federated Hermes Inc. now owns 2,890 shares of the bank's stock valued at $156,000 after buying an additional 259 shares during the period. Finally, Comerica Bank increased its stake in Enterprise Financial Services by 17.4% during the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank's stock valued at $118,000 after buying an additional 303 shares during the period. Institutional investors and hedge funds 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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