Enterprise Financial Services (NASDAQ:EFSC) Stock Rating Lowered by BidaskClub

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

Separately, Zacks Investment Research raised FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price on the stock in a research report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $55.00.

EFSC stock opened at $40.67 on Friday. Enterprise Financial Services has a 52-week low of $36.09 and a 52-week high of $58.15. The business’s fifty day simple moving average is $40.75. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.09 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.15 and a beta of 1.14.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.01). The business had revenue of $61.57 million for the quarter, compared to analyst estimates of $61.48 million. Enterprise Financial Services had a return on equity of 13.50% and a net margin of 29.29%. As a group, sell-side analysts forecast that Enterprise Financial Services will post 3.94 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in shares of Enterprise Financial Services by 18.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the bank’s stock worth $54,000 after buying an additional 227 shares during the period. Brand Asset Management Group Inc. raised its position in Enterprise Financial Services by 49.3% in the first quarter. Brand Asset Management Group Inc. now owns 1,645 shares of the bank’s stock valued at $127,000 after purchasing an additional 543 shares during the period. Legal & General Group Plc raised its position in Enterprise Financial Services by 23.9% in the fourth quarter. Legal & General Group Plc now owns 4,481 shares of the bank’s stock valued at $169,000 after purchasing an additional 864 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Enterprise Financial Services by 785.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,509 shares of the bank’s stock valued at $184,000 after purchasing an additional 4,000 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in Enterprise Financial Services by 52,111.1% in the first quarter. BNP Paribas Arbitrage SA now owns 4,699 shares of the bank’s stock valued at $192,000 after purchasing an additional 4,690 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the financial 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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