Zacks Investment Research Downgrades Enterprise Financial Services (EFSC) to Hold

Enterprise Financial Services (NASDAQ:EFSC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

According to Zacks, “Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis and Kansas City, with a primary focus on serving the needs of privately held businesses, their owners and other success-minded individuals. “

Several other research analysts have also issued reports on EFSC. ValuEngine lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday. Piper Jaffray Companies set a $52.00 price target on shares of Enterprise Financial Services and gave the stock a “buy” rating in a report on Wednesday. BidaskClub lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, DA Davidson raised their price target on shares of Enterprise Financial Services to $60.00 and gave the stock an “in-line” rating in a report on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.67.



Enterprise Financial Services stock traded up $0.52 during mid-day trading on Friday, hitting $42.38. 144,538 shares of the stock were exchanged, compared to its average volume of 109,140. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.04 and a current ratio of 1.04. Enterprise Financial Services has a 12 month low of $40.47 and a 12 month high of $58.15. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.42 and a beta of 0.78.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, October 22nd. The bank reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. Enterprise Financial Services had a net margin of 27.39% and a return on equity of 13.89%. The firm had revenue of $56.50 million during the quarter, compared to analyst estimates of $57.95 million. As a group, equities research analysts predict that Enterprise Financial Services will post 3.58 EPS for the current fiscal year.

In other news, insider Douglas Bauche sold 750 shares of Enterprise Financial Services stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $56.20, for a total value of $42,150.00. Following the completion of the sale, the insider now owns 2,761 shares in the company, valued at approximately $155,168.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in EFSC. Robeco Institutional Asset Management B.V. bought a new stake in shares of Enterprise Financial Services in the 3rd quarter valued at $133,000. Brand Asset Management Group Inc. bought a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at $134,000. Meeder Asset Management Inc. increased its stake in shares of Enterprise Financial Services by 294.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,523 shares of the bank’s stock valued at $136,000 after acquiring an additional 1,884 shares in the last quarter. UBS Group AG increased its stake in shares of Enterprise Financial Services by 94.2% in the 1st quarter. UBS Group AG now owns 4,099 shares of the bank’s stock valued at $192,000 after acquiring an additional 1,988 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Enterprise Financial Services by 496.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,666 shares of the bank’s stock valued at $198,000 after acquiring an additional 3,051 shares in the last quarter. Institutional investors own 76.49% of the company’s stock.

About Enterprise Financial Services

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. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.

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