Upgrades Corporate Financial Services (NASDAQ:EFSC) to Buy

Commercial Financial Services (NASDAQ: EFSC – Get an Assessment) was upgraded by equity research analysts from a “hold” to a “buy” rating in a research note released Friday.

A number of other research companies have also recently commented on the EFSC. DA Davidson moved Enterprise Financial Services shares from a “neutral” rating to a “buy” rating and raised his price target for the stock from $46.00 to $60.00 in a note of research from Wednesday, October 26. Piper Sandler raised her price target on Enterprise Financial Services stock to $51.00 and gave the stock an “outperform” rating in a Wednesday, July 27 research note. Finally, Raymond James raised his price target on Enterprise Financial Services shares from $53.00 to $58.00 and gave the company an “outperform” rating in a Wednesday, Oct. 26 research note. Five equity research analysts rated the stock with a buy rating. According to, the company has an average rating of “Buy” and an average target price of $56.33.

Corporate financial services price performance

EFSC stock traded at $1.21 midday Friday, hitting $51.18. The company had a trading volume of 87,153 shares, compared to an average volume of 117,531. The company has a leverage ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. Enterprise Financial Services has a 1-year minimum of $39.63 and a 1-year maximum of $54.31. The company has a market capitalization of $1.91 billion, a P/E ratio of 10.09 and a beta of 1.17. The company has a 50-day moving average price of $48.03 and a 200-day moving average price of $45.76.

Enterprise Financial Services (NASDAQ:EFSC – Get Rating) last released its quarterly results on Tuesday, October 25. The bank reported EPS of $1.32 for the quarter, beating analyst consensus estimates of $1.24 by $0.08. Enterprise Financial Services posted a net margin of 36.51% and a return on equity of 13.91%. During the same period a year earlier, the company posted earnings per share of $1.27. On average, research analysts expect Enterprise Financial Services to post earnings per share of 5.08 for the current fiscal year.

Institutional investors weigh on corporate financial services

A number of institutional investors have recently changed their position within the EFSC. Harbor Investment Advisory LLC increased its holdings in Enterprise Financial Services by 46.0% in Q2. Harbor Investment Advisory LLC now owns 895 shares of the bank worth $37,000 after buying 282 additional shares in the last quarter. Great West Life Assurance Co. Can increased its position in Enterprise Financial Services by 29.5% in Q1. Great West Life Assurance Co. Can now owns 2,020 shares of the bank worth $102,000 after buying an additional 460 shares in the last quarter. US Bancorp DE increased its holdings in corporate financial services by 15.9% in the third quarter. US Bancorp DE now owns 3,091 shares of the bank worth $136,000 after buying 423 more shares last quarter. Chicago Partners Investment Group LLC bought a new position in Enterprise Financial Services in Q2 worth $200,000. Finally, Dakota Wealth Management bought a new position in Enterprise Financial Services in Q3 worth $209,000. Hedge funds and other institutional investors hold 69.03% of the company’s shares.

Corporate Financial Services Company Profile

(Get an assessment)

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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