Enterprise Financial Services (NASDAQ:EFSC) Raised to “Hold” at Wall Street Zen

Enterprise Financial Services (NASDAQ:EFSC) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other brokerages also recently commented on EFSC. Benchmark raised Enterprise Financial Services to a “strong-buy” rating in a research report on Wednesday, September 23rd. Raymond James Financial increased their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods raised their price objective on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Stephens started 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Enterprise Financial Services has a consensus rating of “Moderate Buy” and an average target price of $70.00.

Enterprise Financial Services Stock Performance

Enterprise Financial Services stock opened at $59.84 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50-day simple moving average is $62.33 and its 200-day simple moving average is $62.05. The firm has a market capitalization of $2.17 billion, a PE ratio of 11.90 and a beta of 0.82. Enterprise Financial Services has a 52 week low of $51.18 and a 52 week high of $68.73.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.20). Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%. The business had revenue of $187.37 million for the quarter, compared to analyst estimates of $189.15 million. Equities research analysts forecast that Enterprise Financial Services will post 5.27 earnings per share for the current year.

Institutional Investors Weigh In On Enterprise Financial Services

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Enterprise Financial Services by 56.2% in the 3rd quarter. GAMMA Investing LLC now owns 564 shares of the bank’s stock valued at $33,000 after acquiring an additional 203 shares in the last quarter. Nykredit A S acquired a new stake in shares of Enterprise Financial Services during the 2nd quarter worth approximately $39,000. Versant Capital Management Inc grew its holdings in shares of Enterprise Financial Services by 66.3% during the 3rd quarter. Versant Capital Management Inc now owns 850 shares of the bank’s stock worth $50,000 after purchasing an additional 339 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Enterprise Financial Services during the 2nd quarter worth approximately $60,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Enterprise Financial Services during the 1st quarter worth approximately $109,000. 72.21% of the stock is owned by institutional investors and hedge funds.

About Enterprise Financial Services

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Its principal subsidiary, Enterprise Bank & Trust, provides banking and financial services to businesses, professionals, entrepreneurs, nonprofit organizations and individuals.

The company’s offerings include commercial and industrial lending, commercial real estate financing, construction loans, small-business banking, deposit accounts, treasury management and private banking. Through its wealth-management activities, Enterprise also provides trust, investment-management and related advisory services.

Enterprise Bank & Trust was founded in 1990 and serves clients through banking locations and financial professionals in markets across Missouri, Kansas, Arizona, New Mexico and Colorado.