Enterprise Financial Services (EFSC) Upgraded at FIG Partners

Enterprise Financial Services (NASDAQ:EFSC) was upgraded by FIG Partners from a “market perform” rating to an “outperform” rating in a report released on Monday, MarketBeat reports.

Several other research analysts have also weighed in on EFSC. Zacks Investment Research lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. BidaskClub lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. ValuEngine lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Finally, Piper Jaffray Companies set a $52.00 price objective on shares of Enterprise Financial Services and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.67.

Shares of NASDAQ:EFSC opened at $43.50 on Monday. Enterprise Financial Services has a one year low of $40.47 and a one year high of $58.15. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.13. The company has a market cap of $977.85 million, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.34 and a beta of 0.78.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, October 22nd. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. Enterprise Financial Services had a net margin of 27.39% and a return on equity of 13.89%. The company had revenue of $56.50 million during the quarter, compared to analysts’ expectations of $57.95 million. As a group, equities research analysts forecast that Enterprise Financial Services will post 3.58 earnings per share for the current fiscal year.

In related news, insider Douglas Bauche sold 750 shares of Enterprise Financial Services stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $56.20, for a total transaction of $42,150.00. Following the transaction, the insider now owns 2,761 shares of the company’s stock, valued at approximately $155,168.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Enterprise Financial Services by 13.5% in the second quarter. BlackRock Inc. now owns 1,589,318 shares of the bank’s stock valued at $85,743,000 after buying an additional 188,889 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Enterprise Financial Services by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,032,081 shares of the bank’s stock valued at $55,681,000 after buying an additional 21,898 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Enterprise Financial Services in the second quarter valued at approximately $50,905,000. Earnest Partners LLC lifted its stake in Enterprise Financial Services by 0.4% in the second quarter. Earnest Partners LLC now owns 774,700 shares of the bank’s stock valued at $41,795,000 after buying an additional 3,178 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Enterprise Financial Services by 3.7% in the second quarter. Northern Trust Corp now owns 425,861 shares of the bank’s stock valued at $22,974,000 after buying an additional 15,273 shares in the last quarter. 76.43% 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 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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