Enterprise Financial Services (NASDAQ:EFSC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.
According to Zacks, “Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis and Kansas City, with a primary focus on serving the needs of privately held businesses, their owners and other success-minded individuals. “
NASDAQ:EFSC traded down $0.17 on Tuesday, reaching $46.27. The company’s stock had a trading volume of 123,078 shares, compared to its average volume of 152,819. Enterprise Financial Services has a 1-year low of $25.21 and a 1-year high of $52.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 14.46 and a beta of 1.40. The stock’s 50-day moving average price is $48.86.
Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Sunday, April 25th. The bank reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Enterprise Financial Services had a return on equity of 9.33% and a net margin of 25.02%. The firm had revenue of $90.41 million during the quarter, compared to analysts’ expectations of $95.14 million. As a group, equities research analysts forecast that Enterprise Financial Services will post 4.21 earnings per share for the current fiscal year.
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In related news, Director John S. Eulich purchased 7,500 shares of Enterprise Financial Services stock in a transaction that occurred on Tuesday, May 4th. The shares were acquired at an average price of $49.79 per share, with a total value of $373,425.00. Following the completion of the transaction, the director now directly owns 9,043 shares of the company’s stock, valued at approximately $450,250.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Scott Richard Goodman sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 10th. The stock was sold at an average price of $49.13, for a total value of $196,520.00. Following the sale, the president now directly owns 44,119 shares in the company, valued at approximately $2,167,566.47. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in shares of Enterprise Financial Services by 8.3% in the 1st quarter. Principal Financial Group Inc. now owns 18,906 shares of the bank’s stock valued at $935,000 after buying an additional 1,443 shares during the period. Earnest Partners LLC boosted its stake in Enterprise Financial Services by 32.4% during the 1st quarter. Earnest Partners LLC now owns 2,381,977 shares of the bank’s stock valued at $117,765,000 after purchasing an additional 582,331 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Enterprise Financial Services by 39.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 29,152 shares of the bank’s stock valued at $1,441,000 after purchasing an additional 8,179 shares during the last quarter. Millennium Management LLC boosted its stake in Enterprise Financial Services by 23.3% during the 1st quarter. Millennium Management LLC now owns 185,386 shares of the bank’s stock valued at $9,165,000 after purchasing an additional 35,003 shares during the last quarter. Finally, EJF Capital LLC boosted its stake in Enterprise Financial Services by 9.1% during the 1st quarter. EJF Capital LLC now owns 51,434 shares of the bank’s stock valued at $2,543,000 after purchasing an additional 4,297 shares during the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.
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 checking, savings, and money market accounts, and certificates of deposit. It also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.
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