Enterprise Financial Services (EFSC) Stock Rating Lowered by Zacks Investment Research

Enterprise Financial Services (NASDAQ:EFSC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, December 26th.

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 equities analysts have also recently commented on EFSC. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $49.00 price target on shares of Enterprise Financial Services in a research report on Friday, October 6th. ValuEngine cut shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $46.00 price target on shares of Enterprise Financial Services in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Enterprise Financial Services currently has an average rating of “Hold” and an average price target of $50.83.

Shares of Enterprise Financial Services (EFSC) opened at $47.05 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $1,070.00, a price-to-earnings ratio of 19.44, a P/E/G ratio of 1.61 and a beta of 0.87. Enterprise Financial Services has a twelve month low of $36.65 and a twelve month high of $47.05.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, October 23rd. The bank reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $54.00 million during the quarter, compared to the consensus estimate of $54.11 million. Enterprise Financial Services had a return on equity of 11.15% and a net margin of 24.73%. equities analysts anticipate that Enterprise Financial Services will post 2.52 earnings per share for the current year.

In other news, insider Douglas Bauche sold 960 shares of Enterprise Financial Services stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $44.10, for a total transaction of $42,336.00. Following the sale, the insider now owns 679 shares of the company’s stock, valued at $29,943.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Scott Richard Goodman sold 3,700 shares of Enterprise Financial Services stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $45.85, for a total value of $169,645.00. Following the sale, the president now directly owns 38,269 shares in the company, valued at approximately $1,754,633.65. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFSC. Russell Investments Group Ltd. raised its holdings in shares of Enterprise Financial Services by 8.7% during the second quarter. Russell Investments Group Ltd. now owns 54,211 shares of the bank’s stock valued at $2,212,000 after buying an additional 4,321 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Enterprise Financial Services by 8.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 103,846 shares of the bank’s stock valued at $4,237,000 after acquiring an additional 7,682 shares during the period. First Trust Advisors LP increased its stake in shares of Enterprise Financial Services by 47.1% during the second quarter. First Trust Advisors LP now owns 91,931 shares of the bank’s stock valued at $3,751,000 after acquiring an additional 29,424 shares during the period. Rhumbline Advisers increased its stake in shares of Enterprise Financial Services by 14.1% during the second quarter. Rhumbline Advisers now owns 26,671 shares of the bank’s stock valued at $1,088,000 after acquiring an additional 3,293 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Enterprise Financial Services by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 212,761 shares of the bank’s stock worth $8,680,000 after buying an additional 14,150 shares during the last quarter. 74.42% of the stock is currently owned by institutional investors.

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About Enterprise Financial Services

Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.

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