Enterprise Financial Services (NASDAQ:EFSC) Rating Lowered to Hold at BidaskClub

Enterprise Financial Services (NASDAQ:EFSC) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday, BidAskClub reports.

EFSC has been the subject of a number of other research reports. Zacks Investment Research upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Raymond James started coverage on Enterprise Financial Services in a report on Thursday, September 19th. They issued an “outperform” rating and a $48.00 price objective for the company. Finally, ValuEngine downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, December 4th.

Shares of EFSC traded up $0.40 during trading hours on Tuesday, hitting $48.34. 1,196 shares of the stock traded hands, compared to its average volume of 98,020. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.90. Enterprise Financial Services has a 1-year low of $38.09 and a 1-year high of $48.72. The firm has a market capitalization of $1.27 billion, a PE ratio of 13.39 and a beta of 1.16. The business has a fifty day moving average of $46.91 and a 200-day moving average of $42.79.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The business had revenue of $76.61 million for the quarter, compared to analyst estimates of $73.87 million. Enterprise Financial Services had a return on equity of 13.30% and a net margin of 25.84%. As a group, equities research analysts expect that Enterprise Financial Services will post 4.02 earnings per share for the current fiscal year.

In other Enterprise Financial Services news, Director James F. Deutsch sold 50,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $45.55, for a total value of $2,277,500.00. Following the completion of the sale, the director now directly owns 41 shares in the company, valued at $1,867.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.20% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Enterprise Financial Services by 4.0% in the second quarter. BlackRock Inc. now owns 1,813,869 shares of the bank’s stock worth $75,459,000 after acquiring an additional 69,973 shares in the last quarter. Northern Trust Corp boosted its position in Enterprise Financial Services by 0.7% during the second quarter. Northern Trust Corp now owns 425,292 shares of the bank’s stock valued at $17,691,000 after purchasing an additional 3,102 shares during the last quarter. Bank of America Corp DE boosted its position in Enterprise Financial Services by 49.9% during the second quarter. Bank of America Corp DE now owns 231,616 shares of the bank’s stock valued at $9,635,000 after purchasing an additional 77,061 shares during the last quarter. Voya Investment Management LLC boosted its position in Enterprise Financial Services by 1,770.6% during the third quarter. Voya Investment Management LLC now owns 184,516 shares of the bank’s stock valued at $7,519,000 after purchasing an additional 174,652 shares during the last quarter. Finally, Maltese Capital Management LLC boosted its position in Enterprise Financial Services by 54.6% during the second quarter. Maltese Capital Management LLC now owns 170,072 shares of the bank’s stock valued at $7,075,000 after purchasing an additional 60,035 shares during the last quarter. Institutional investors own 71.71% of the company’s stock.

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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