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

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

Other equities analysts also recently issued research reports about the company. Piper Sandler upgraded Enterprise Financial Services from a “neutral” rating to an “overweight” rating and set a $64.00 price objective on the stock in a research report on Friday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods upped their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Benchmark upgraded shares of Enterprise Financial Services to a “strong-buy” rating in a research report on Wednesday, September 23rd. Finally, Stephens assumed coverage on Enterprise Financial Services in a research note on Friday, September 18th. They issued an “equal weight” rating and a $70.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $69.20.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock opened at $61.81 on Friday. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 12.41 and a beta of 0.82. The company’s fifty day moving average is $61.51 and its 200 day moving average is $60.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. 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 announced its quarterly earnings results on Wednesday, October 21st. The bank reported $1.17 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.21). The firm had revenue of $192.53 million during the quarter, compared to the consensus estimate of $193.09 million. Enterprise Financial Services had a net margin of 18.83% and a return on equity of 9.52%. Sell-side analysts forecast that Enterprise Financial Services will post 5.09 EPS for the current year.

Institutional Investors Weigh In On Enterprise Financial Services

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of Enterprise Financial Services by 56.2% in the third quarter. GAMMA Investing LLC now owns 564 shares of the bank’s stock valued at $33,000 after purchasing an additional 203 shares during the period. Nykredit A S acquired a new stake in Enterprise Financial Services in the second quarter valued at $39,000. Versant Capital Management Inc boosted its stake in shares of Enterprise Financial Services by 66.3% in the 3rd quarter. Versant Capital Management Inc now owns 850 shares of the bank’s stock worth $50,000 after buying an additional 339 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Enterprise Financial Services in the 2nd quarter worth approximately $60,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Enterprise Financial Services by 57.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,216 shares of the bank’s stock worth $72,000 after purchasing an additional 444 shares in the last quarter. 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, institutions and individuals.

The company offers commercial and small-business lending, deposit accounts, treasury management, private banking, wealth management, trust and estate services, and other financial solutions. Its commercial banking capabilities include financing for working capital, equipment, real estate and business expansion.

Enterprise Bank & Trust serves customers through banking markets that include St.