Enterprise Financial Services (EFSC) Outperform Rating Reaffirmed by Boenning Scattergood

Commercial Financial Services (NASDAQ: EFSC – Get an Assessment)The stock had its “outperform” rating reiterated by equity researchers Boenning Scattergood in a research note released Thursday to investors, Zacks.com reports.

Several other research companies have also recently commented on the EFSC. StockNews.com took over coverage of corporate financial services in a Thursday, March 31 research note. They set a “holding” rating for the company. Raymond James raised its target price on corporate financial services from $54.00 to $58.00 and gave the company an “outperform” rating in a Thursday, Jan. 27 research note. Finally, Zacks Investment Research upgraded corporate financial services from a “hold” to a “buy” rating and set a target price of $54.00 for the company in a Thursday, March 31 research note.

The NASDAQ EFSC opened at $44.17 on Thursday. The stock has a market capitalization of $1.67 billion, a PE ratio of 10.59 and a beta of 1.21. Enterprise Financial Services has a fifty-two week minimum of $42.23 and a fifty-two week maximum of $51.50. The company has a 50-day moving average price of $47.49 and a two-hundred-day moving average price of $48.08. The company has a quick ratio of 0.96, a current ratio of 0.96 and a leverage ratio of 0.38.

Enterprise Financial Services (NASDAQ:EFSC – Get Rating) last released its results on Monday, April 25. The bank reported EPS of $1.23 for the quarter, beating Thomson Reuters consensus estimate of $1.12 by $0.11. Enterprise Financial Services posted a return on equity of 13.81% and a net margin of 31.42%. In the same quarter a year earlier, the company posted earnings per share of $0.96. Sell-side analysts expect Enterprise Financial Services to post EPS of 4.78 for the current fiscal year.

Several hedge funds have recently bought and sold shares of EFSC. Morgan Stanley increased its position in Enterprise Financial Services shares by 32.4% during the second quarter. Morgan Stanley now owns 102,608 shares of the bank valued at $4,759,000 after acquiring an additional 25,101 shares last quarter. Amalgamated Bank acquired a new stake in shares of Enterprise Financial Services during Q3 worth approximately $210,000. SG Americas Securities LLC acquired a new stake in shares of Enterprise Financial Services during Q3 valued at approximately $205,000. Victory Capital Management Inc. increased its position in corporate financial services by 21.9% in the third quarter. Victory Capital Management Inc. now owns 12,489 shares of the bank worth $566,000 after purchasing an additional 2,241 shares during the period. Finally, LSV Asset Management increased its position in corporate financial services by 65.2% in the third quarter. LSV Asset Management now owns 53,016 shares of the bank worth $2,400,000 after purchasing an additional 20,916 shares during the period. 64.80% of the shares are currently held by institutional investors and hedge funds.

Corporate Financial Services Company Profile (Get a rating)

Enterprise Financial Services Corp operates as a financial holding company for Enterprise Bank & Trust which offers banking and wealth management services to individuals and businesses. The company offers checking, savings and money market accounts, as well as certificates of deposit. It also offers commercial and industrial real estate, commercial, construction and land development, residential real estate, agricultural and consumer loans.

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