Weiss Ratings Reaffirms “Buy (B-)” Rating for Enterprise Financial Services (NASDAQ:EFSC)

Enterprise Financial Services (NASDAQ:EFSC)‘s stock had its “buy (b-)” rating reissued by Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other equities analysts have also commented on EFSC. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. DA Davidson restated a “buy” rating and set a $69.00 price objective on shares of Enterprise Financial Services in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods lowered their price objective on Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Piper Sandler lowered their price objective on Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Enterprise Financial Services presently has an average rating of “Moderate Buy” and an average target price of $65.67.

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC opened at $52.37 on Friday. The firm has a market cap of $1.94 billion, a P/E ratio of 10.19 and a beta of 0.88. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. Enterprise Financial Services has a 1-year low of $45.22 and a 1-year high of $63.13. The business’s 50 day moving average is $58.03 and its 200-day moving average is $55.70.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, October 27th. The bank reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.10). The firm had revenue of ($325.26) million for the quarter, compared to the consensus estimate of $176.52 million. Enterprise Financial Services had a return on equity of 10.98% and a net margin of 19.98%. Equities research analysts predict that Enterprise Financial Services will post 4.97 earnings per share for the current year.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, Director Michael E. Finn bought 1,500 shares of Enterprise Financial Services stock in a transaction on Monday, August 4th. The shares were purchased at an average price of $54.11 per share, with a total value of $81,165.00. Following the acquisition, the director owned 3,000 shares in the company, valued at $162,330. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Enterprise Financial Services

A number of large investors have recently modified their holdings of the business. Nuveen LLC acquired a new stake in shares of Enterprise Financial Services during the 1st quarter valued at $22,901,000. Thrivent Financial for Lutherans boosted its holdings in shares of Enterprise Financial Services by 350.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 392,878 shares of the bank’s stock valued at $21,647,000 after acquiring an additional 305,694 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Enterprise Financial Services by 10.8% during the 1st quarter. Vanguard Group Inc. now owns 2,314,377 shares of the bank’s stock valued at $124,375,000 after acquiring an additional 225,369 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Enterprise Financial Services during the 2nd quarter valued at $4,959,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Enterprise Financial Services during the 1st quarter valued at $4,771,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Company Profile

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 primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.