Wall Street Zen Downgrades Enterprise Financial Services (NASDAQ:EFSC) to Sell

Enterprise Financial Services (NASDAQ:EFSC) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities analysts also recently weighed in on EFSC. Piper Sandler upped their price target on Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Keefe, Bruyette & Woods lifted their price objective on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Raymond James Financial boosted their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Enterprise Financial Services has a consensus rating of “Moderate Buy” and an average target price of $68.50.

Enterprise Financial Services Price Performance

Shares of EFSC stock opened at $67.39 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Enterprise Financial Services has a 12-month low of $51.18 and a 12-month high of $68.73. The firm has a fifty day moving average of $62.85 and a 200-day moving average of $58.90. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 12.72 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.31 EPS for the quarter, topping the consensus estimate of $1.30 by $0.01. The business had revenue of $188.85 million for the quarter, compared to the consensus estimate of $174.02 million. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%. On average, equities research analysts forecast that Enterprise Financial Services will post 5.57 earnings per share for the current year.

Insider Buying and Selling at Enterprise Financial Services

In related news, EVP Mark G. Ponder sold 1,250 shares of Enterprise Financial Services stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total transaction of $75,687.50. Following the sale, the executive vice president directly owned 23,526 shares of the company’s stock, valued at approximately $1,424,499.30. The trade was a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Trading of Enterprise Financial Services

A number of large investors have recently bought and sold shares of EFSC. Empowered Funds LLC raised its position in shares of Enterprise Financial Services by 2.9% in the 1st quarter. Empowered Funds LLC now owns 157,012 shares of the bank’s stock worth $8,496,000 after acquiring an additional 4,402 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Enterprise Financial Services during the 1st quarter valued at about $10,093,000. Bank of America Corp DE boosted its position in shares of Enterprise Financial Services by 5.7% during the 1st quarter. Bank of America Corp DE now owns 397,357 shares of the bank’s stock valued at $21,501,000 after purchasing an additional 21,269 shares in the last quarter. Royal Bank of Canada grew its stake in Enterprise Financial Services by 311.2% during the first quarter. Royal Bank of Canada now owns 8,591 shares of the bank’s stock worth $464,000 after purchasing an additional 6,502 shares during the period. Finally, Quantinno Capital Management LP grew its stake in Enterprise Financial Services by 371.9% during the first quarter. Quantinno Capital Management LP now owns 41,295 shares of the bank’s stock worth $2,235,000 after purchasing an additional 32,545 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.