Enterprise Financial Services (NASDAQ:EFSC) Stock Lifted to “Strong-Buy” by Benchmark

Enterprise Financial Services (NASDAQ:EFSC) was upgraded by analysts at Benchmark to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Several other analysts have also weighed in on the stock. Stephens assumed coverage on shares of Enterprise Financial Services in a research report on Friday, September 18th. They set an “equal weight” rating and a $70.00 target price on the stock. Piper Sandler raised their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Raymond James Financial upped their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Wall Street Zen cut Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Finally, Keefe, Bruyette & Woods raised their target price on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Enterprise Financial Services Price Performance

EFSC opened at $60.69 on Wednesday. The company has a fifty day simple moving average of $64.54 and a 200 day simple moving average of $61.40. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 12.07 and a beta of 0.78. Enterprise Financial Services has a twelve month low of $51.18 and a twelve month high of $68.73.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.20). The business had revenue of $187.37 million for the quarter, compared to analyst estimates of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. Equities research analysts expect that Enterprise Financial Services will post 5.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Enterprise Financial Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at about $509,000. Engineers Gate Manager LP increased its position in shares of Enterprise Financial Services by 221.4% in the second quarter. Engineers Gate Manager LP now owns 16,037 shares of the bank’s stock worth $1,057,000 after purchasing an additional 11,047 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Enterprise Financial Services in the second quarter valued at approximately $1,452,000. Nykredit A S bought a new stake in Enterprise Financial Services during the second quarter valued at approximately $39,000. Finally, Allianz Asset Management GmbH purchased a new position in Enterprise Financial Services in the 2nd quarter worth approximately $955,000. Institutional investors own 72.21% of the company’s stock.

About Enterprise Financial Services

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Through its principal subsidiary, Enterprise Bank & Trust, the company provides banking and wealth management services to businesses, professionals, individuals and families.

Enterprise Bank & Trust offers commercial and personal deposit accounts, loans, lines of credit, treasury management, cash management, online banking and other financial services. Its commercial banking activities include lending to operating companies, commercial real estate borrowers and small businesses, while its wealth management business provides investment management, trust, financial planning and related services.

Founded in 1990, the company serves clients through banking and wealth management operations in Missouri, Kansas, Arizona and New Mexico.