Enterprise Financial Services (NASDAQ:EFSC) Stock Rating Upgraded by Benchmark

Enterprise Financial Services (NASDAQ:EFSC) was upgraded by stock analysts at Benchmark to a “strong-buy” rating in a note issued to investors on Wednesday, Zacks reports.

Other equities analysts also recently issued research reports about the company. Piper Sandler upped their target price on Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Raymond James Financial upped their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods lifted their price objective on Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Wall Street Zen lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Enterprise Financial Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock opened at $60.69 on Wednesday. Enterprise Financial Services has a 12 month low of $51.18 and a 12 month high of $68.73. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2.20 billion, a PE ratio of 12.07 and a beta of 0.78. The business has a fifty day simple moving average of $64.54 and a 200-day simple moving average of $61.40.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results 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 net margin of 18.72% and a return on equity of 9.70%. The business had revenue of $187.37 million for the quarter, compared to analyst estimates of $189.15 million. On average, sell-side analysts anticipate that Enterprise Financial Services will post 5.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Enterprise Financial Services

Institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new position in shares of Enterprise Financial Services during the 2nd quarter worth about $509,000. Engineers Gate Manager LP grew its holdings in Enterprise Financial Services by 221.4% in the 2nd quarter. Engineers Gate Manager LP now owns 16,037 shares of the bank’s stock valued at $1,057,000 after buying an additional 11,047 shares during the last quarter. Squarepoint Ops LLC bought a new position in Enterprise Financial Services in the 2nd quarter worth approximately $1,452,000. Nykredit A S bought a new position in Enterprise Financial Services in the 2nd quarter worth approximately $39,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Enterprise Financial Services during the second quarter worth approximately $955,000. 72.21% of the stock is currently owned by institutional investors.

About Enterprise Financial Services

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Through its principal subsidiary, Enterprise Bank & Trust, the company provides banking and wealth management services to businesses, professionals, individuals and families.

Enterprise Bank & Trust offers commercial and personal deposit accounts, loans, lines of credit, treasury management, cash management, online banking and other financial services. Its commercial banking activities include lending to operating companies, commercial real estate borrowers and small businesses, while its wealth management business provides investment management, trust, financial planning and related services.

Founded in 1990, the company serves clients through banking and wealth management operations in Missouri, Kansas, Arizona and New Mexico.