Enterprise Financial Services (NASDAQ:EFSC) Cut to “Sell” at ValuEngine

Enterprise Financial Services (NASDAQ:EFSC) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Wednesday, ValuEngine reports.

Several other equities research analysts also recently commented on the company. Zacks Investment Research raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Raymond James began coverage on Enterprise Financial Services in a report on Thursday, September 19th. They set an “outperform” rating and a $48.00 target price for the company. Finally, BidaskClub raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Friday, October 18th.

Shares of NASDAQ EFSC traded up $0.42 during mid-day trading on Wednesday, hitting $44.88. 77,718 shares of the company traded hands, compared to its average volume of 99,586. Enterprise Financial Services has a 1 year low of $36.09 and a 1 year high of $47.03. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 12.43 and a beta of 1.15. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.90. The business has a 50 day moving average of $44.42 and a two-hundred day moving average of $41.42.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, October 21st. The bank reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. Enterprise Financial Services had a return on equity of 13.30% and a net margin of 25.84%. The business had revenue of $76.61 million during the quarter, compared to the consensus estimate of $73.87 million. As a group, research analysts anticipate that Enterprise Financial Services will post 4.04 EPS for the current year.

A number of large investors have recently bought and sold shares of EFSC. Rothschild & Co. Asset Management US Inc. raised its position in Enterprise Financial Services by 7.0% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 268,140 shares of the bank’s stock valued at $11,155,000 after buying an additional 17,612 shares during the period. Creative Planning raised its position in Enterprise Financial Services by 17.6% during the second quarter. Creative Planning now owns 46,806 shares of the bank’s stock valued at $1,947,000 after buying an additional 7,000 shares during the period. Mesirow Financial Investment Management Equity Management raised its position in Enterprise Financial Services by 11.1% during the second quarter. Mesirow Financial Investment Management Equity Management now owns 158,135 shares of the bank’s stock valued at $6,578,000 after buying an additional 15,845 shares during the period. Enterprise Financial Services Corp raised its position in Enterprise Financial Services by 2.0% during the second quarter. Enterprise Financial Services Corp now owns 574,620 shares of the bank’s stock valued at $23,903,000 after buying an additional 11,385 shares during the period. Finally, Aperio Group LLC acquired a new position in Enterprise Financial Services during the second quarter valued at $158,000. 71.71% of the stock is currently owned by hedge funds and other institutional investors.

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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