Several other research firms have also weighed in on EFSC. Zacks Investment Research lowered shares of Enterprise Financial Services from a hold rating to a sell rating in a research note on Tuesday, October 15th. ValuEngine upgraded shares of Enterprise Financial Services from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Raymond James initiated coverage on shares of Enterprise Financial Services in a research note on Thursday, September 19th. They set an outperform rating and a $48.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $52.00.
NASDAQ:EFSC opened at $41.47 on Friday. The stock has a market cap of $1.12 billion, a P/E ratio of 11.49 and a beta of 1.16. The firm has a 50-day moving average of $40.47 and a two-hundred day moving average of $41.02. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.95 and a quick ratio of 0.95. Enterprise Financial Services has a 1-year low of $36.09 and a 1-year high of $48.87.
Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. The firm had revenue of $73.68 million for the quarter, compared to analyst estimates of $72.27 million. Enterprise Financial Services had a net margin of 25.85% and a return on equity of 13.19%. As a group, equities analysts expect that Enterprise Financial Services will post 3.94 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its stake in shares of Enterprise Financial Services by 112.4% in the second quarter. Advisor Group Inc. now owns 1,512 shares of the bank’s stock valued at $62,000 after purchasing an additional 800 shares during the period. Aperio Group LLC bought a new position in shares of Enterprise Financial Services in the second quarter valued at approximately $158,000. Voloridge Investment Management LLC bought a new stake in Enterprise Financial Services during the second quarter worth approximately $220,000. Campbell & CO Investment Adviser LLC bought a new stake in Enterprise Financial Services during the third quarter worth approximately $217,000. Finally, Connable Office Inc. bought a new stake in Enterprise Financial Services during the second quarter worth approximately $259,000. Hedge funds and other institutional investors own 71.85% of the company’s stock.
About Enterprise Financial Services
Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.
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