Enterprise Financial Services (NASDAQ:EFSC) Rating Lowered to Sell at Wall Street Zen

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

Several other brokerages have also recently weighed in on EFSC. Piper Sandler raised Enterprise Financial Services from a “neutral” rating to an “overweight” rating and set a $64.00 price target for the company in a research note on Friday, October 23rd. 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 objective on the stock. Benchmark upgraded Enterprise Financial Services to a “strong-buy” rating in a report on Wednesday, September 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Tuesday, October 6th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $69.20.

Enterprise Financial Services Price Performance

EFSC stock opened at $62.75 on Friday. The company has a market capitalization of $2.24 billion, a P/E ratio of 12.60 and a beta of 0.82. The company has a fifty day moving average price of $61.43 and a 200-day moving average price of $60.81. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.85 and a current ratio of 0.84. 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 issued its quarterly earnings data on Wednesday, October 21st. The bank reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.21). The business had revenue of $192.53 million during the quarter, compared to the consensus estimate of $193.09 million. Enterprise Financial Services had a return on equity of 9.66% and a net margin of 18.83%. As a group, equities analysts expect that Enterprise Financial Services will post 5.09 EPS for the current year.

Institutional Trading of Enterprise Financial Services

A number of large investors have recently bought and sold shares of EFSC. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 203 shares during the period. Nykredit A S bought a new stake in shares of Enterprise Financial Services during the 2nd quarter valued at about $39,000. Versant Capital Management Inc boosted its position 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 valued at $50,000 after purchasing an additional 339 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Enterprise Financial Services during the second quarter worth approximately $60,000. Finally, Nisa Investment Advisors LLC grew its stake in Enterprise Financial Services by 57.5% during the third quarter. Nisa Investment Advisors LLC now owns 1,216 shares of the bank’s stock worth $72,000 after purchasing an additional 444 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

About Enterprise Financial Services