Enterprise Financial Services (NASDAQ:EFSC) Downgraded by Wall Street Zen 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 report issued on Saturday.

Several other research firms also recently commented on EFSC. DA Davidson restated a “buy” rating and issued a $69.00 price target on shares of Enterprise Financial Services in a research note on Tuesday. Piper Sandler cut their price objective on shares of Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods cut their price objective on shares of Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enterprise Financial Services in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $65.67.

Enterprise Financial Services Trading Down 0.2%

EFSC stock opened at $52.37 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88. The company’s 50-day simple moving average is $58.03 and its 200 day simple moving average is $55.65. Enterprise Financial Services has a 52 week low of $45.22 and a 52 week high of $63.13. The company has a market capitalization of $1.94 billion, a PE ratio of 10.19 and a beta of 0.88.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, October 27th. The bank reported $1.20 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.10). Enterprise Financial Services had a net margin of 19.98% and a return on equity of 10.98%. The business had revenue of ($325.26) million during the quarter, compared to analyst estimates of $176.52 million. As a group, sell-side analysts anticipate that Enterprise Financial Services will post 4.97 earnings per share for the current year.

Insider Activity at Enterprise Financial Services

In related news, Director Michael E. Finn bought 1,500 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of $54.11 per share, with a total value of $81,165.00. Following the completion of the acquisition, the director owned 3,000 shares of the company’s stock, valued at $162,330. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Enterprise Financial Services by 10.8% in the first quarter. Vanguard Group Inc. now owns 2,314,377 shares of the bank’s stock worth $124,375,000 after acquiring an additional 225,369 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Enterprise Financial Services by 1.5% in the second quarter. First Trust Advisors LP now owns 1,422,965 shares of the bank’s stock worth $78,405,000 after acquiring an additional 20,794 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Enterprise Financial Services by 0.8% in the second quarter. Geode Capital Management LLC now owns 934,727 shares of the bank’s stock worth $51,510,000 after acquiring an additional 7,726 shares during the last quarter. American Century Companies Inc. raised its holdings in Enterprise Financial Services by 7.5% in the 1st quarter. American Century Companies Inc. now owns 911,911 shares of the bank’s stock valued at $49,006,000 after buying an additional 63,972 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in Enterprise Financial Services by 5.9% in the 2nd quarter. Jennison Associates LLC now owns 605,723 shares of the bank’s stock valued at $33,375,000 after buying an additional 33,641 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.