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

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

EFSC has been the subject of several other reports. Keefe, Bruyette & Woods reduced their target price on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. DA Davidson reduced their target price on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th.

Enterprise Financial Services Stock Up 2.5%

EFSC opened at $52.88 on Friday. Enterprise Financial Services has a 1-year low of $37.31 and a 1-year high of $63.13. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 10.93 and a beta of 0.86. The business has a 50 day moving average of $51.46 and a 200-day moving average of $55.69.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.14. The company had revenue of $18.48 million during the quarter, compared to analysts' expectations of $162.83 million. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. As a group, sell-side analysts anticipate that Enterprise Financial Services will post 4.97 earnings per share for the current year.

Insiders Place Their Bets

In other Enterprise Financial Services news, CEO James Brian Lally sold 4,689 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $55.18, for a total transaction of $258,739.02. Following the completion of the transaction, the chief executive officer now directly owns 106,974 shares in the company, valued at $5,902,825.32. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its stake in shares of Enterprise Financial Services by 73.3% in the third quarter. Barclays PLC now owns 83,910 shares of the bank's stock valued at $4,302,000 after buying an additional 35,484 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Enterprise Financial Services by 5.1% in the fourth quarter. Empowered Funds LLC now owns 123,282 shares of the bank's stock valued at $6,953,000 after buying an additional 5,954 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Enterprise Financial Services in the fourth quarter valued at about $191,000. Principal Financial Group Inc. raised its holdings in shares of Enterprise Financial Services by 7.0% in the fourth quarter. Principal Financial Group Inc. now owns 17,252 shares of the bank's stock valued at $973,000 after buying an additional 1,128 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its holdings in shares of Enterprise Financial Services by 9.9% in the fourth quarter. Peregrine Capital Management LLC now owns 106,030 shares of the bank's stock valued at $5,980,000 after buying an additional 9,565 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

About Enterprise Financial Services

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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