Enterprise Financial Services (NASDAQ:EFSC) lowered to hold StockNews.com

Commercial Financial Services (NASDAQ: EFSC – Get an Assessment) was downgraded by StockNews.com investment analysts from a “buy” rating to a “hold” rating in a report released Tuesday.

Separately, Piper Sandler raised its price target on corporate financials to $51.00 and gave the company an “outperform” rating in a Wednesday, July 27 research note.

Corporate financial services trade up 0.4%

EFSC traded $0.21 on Tuesday, reaching $48.10. 89,961 shares of the company were traded, against an average volume of 112,538. Enterprise Financial Services has a 12-month low of $39.63 and a 12-month high of $51.50. The company’s 50-day moving average is $46.01 and its 200-day moving average is $45.45. The company has a debt ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $1.79 billion, a price/earnings ratio of 11.65 and a beta of 1.18.

Enterprise Financial Services (NASDAQ:EFSC – Get Rating) last released its results on Monday, July 25. The bank reported earnings per share of $1.19 for the quarter, beating the consensus estimate of $1.12 by $0.07. Enterprise Financial Services posted a net margin of 31.10% and a return on equity of 13.51%. In the same quarter last year, the company posted EPS of $1.23. Stock analysts predict that Enterprise Financial Services will post earnings per share of 4.97 for the current year.

Hedge funds weigh on corporate financial services

Institutional investors and hedge funds have recently increased or reduced their stake in the company. Bank of Montreal Can increased its stake in shares of Enterprise Financial Services by 5.0% during the second quarter. Bank of Montreal Can now owns 5,513 shares of the bank valued at $237,000 after buying an additional 265 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in Enterprise Financial Services by 46.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 895 shares of the bank valued at $37,000 after acquiring 282 additional shares in the last quarter. Connable Office Inc. increased its holdings in corporate financial services by 4.7% during the 4th quarter. Connable Office Inc. now owns 8,097 shares of the bank worth $381,000 after acquiring 366 additional shares in the last quarter. Envestnet Asset Management Inc. increased its position in Enterprise Financial Services shares by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 25,576 shares of the bank worth $1,061,000 after buying 373 additional shares in the last quarter. Finally, Jag Capital Management LLC increased its stake in Enterprise Financial Services shares by 2.0% in the second quarter. Jag Capital Management LLC now owns 19,983 shares of the bank valued at $829,000 after buying 397 additional shares last quarter. 69.03% of the shares are held by hedge funds and other institutional investors.

About Business Financial Services

(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.

Further reading

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Enterprise Financial Services, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Enterprise Financial Services was not on the list.

While corporate financials currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

.

Add Comment