BidaskClub Lowers Enterprise Financial Services (EFSC) to Sell

Enterprise Financial Services (NASDAQ:EFSC) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday, BidAskClub reports.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Enterprise Financial Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 26th. ValuEngine cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.00.

Shares of NASDAQ:EFSC opened at $42.68 on Thursday. The company has a market cap of $1.15 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 1.18 and a beta of 1.14. Enterprise Financial Services has a 1-year low of $36.09 and a 1-year high of $58.15. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.68.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, April 22nd. The bank reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.01). The business had revenue of $61.57 million for the quarter, compared to the consensus estimate of $61.48 million. Enterprise Financial Services had a return on equity of 14.70% and a net margin of 29.29%. As a group, sell-side analysts anticipate that Enterprise Financial Services will post 3.98 EPS for the current year.

In related news, President Scott Richard Goodman sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $46.49, for a total value of $46,490.00. Following the completion of the sale, the president now owns 47,872 shares in the company, valued at approximately $2,225,569.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in shares of Enterprise Financial Services by 18.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the bank’s stock valued at $54,000 after acquiring an additional 227 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Enterprise Financial Services in the 4th quarter valued at approximately $82,000. Atwood & Palmer Inc. purchased a new stake in shares of Enterprise Financial Services in the 4th quarter valued at approximately $93,000. Brand Asset Management Group Inc. lifted its position in shares of Enterprise Financial Services by 49.3% in the 1st quarter. Brand Asset Management Group Inc. now owns 1,645 shares of the bank’s stock valued at $127,000 after acquiring an additional 543 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Enterprise Financial Services by 23.9% in the 4th quarter. Legal & General Group Plc now owns 4,481 shares of the bank’s stock valued at $169,000 after acquiring an additional 864 shares in the last quarter. Institutional investors and hedge funds own 66.87% of the company’s stock.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the financial 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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