Corporate Financial Services (NASDAQ: EFSC – Get a rating) has been updated by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released Thursday, Zacks.com reports. The brokerage currently has a target price of $54.00 on the bank’s shares. Zacks Investment ResearchThe stock’s price target indicates a potential upside of 14.14% from the stock’s previous close.
According to Zacks, “Enterprise Financial operates commercial banking and wealth management businesses in the metropolises of St. Louis and Kansas City, with the primary focus of serving the needs of private businesses, their owners, and other caring individuals. to succeed.”
Several other research analysts also weighed in on the EFSC. Boenning Scattergood launched a hedge on Enterprise Financial Services shares in a Monday, March 21 research note. They set an “outperformance” rating on the stock. StockNews.com began covering Enterprise Financial Services stocks in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Raymond James raised his price target on Enterprise Financial Services shares from $54.00 to $58.00 and gave the company an “outperform” rating in a Thursday, Jan. 27 research note.
Shares of the NASDAQ EFSC traded down $0.58 during Thursday’s midday session, hitting $47.31. The company’s stock had a trading volume of 149,921 shares, compared to an average trading volume of 116,646. The stock has a market capitalization of $1.79 billion, a price-earnings ratio of 12.13 and a beta of 1.22. The company has a debt ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. Enterprise Financial Services has a one-year minimum of $42.23 and a one-year maximum of $51.50. The company’s fifty-day simple moving average is $49.17 and its 200-day simple moving average is $47.99.
Corporate Financial Services (NASDAQ: EFSC – Get a rating) last released its results on Monday, January 24. The bank reported earnings per share (EPS) of $1.37 for the quarter, beating the consensus estimate of $1.17 by $0.20. Enterprise Financial Services posted a net margin of 29.50% and a return on equity of 13.08%. The company posted revenue of $124.69 million for the quarter, versus analyst estimates of $121.70 million. In the same quarter last year, the company achieved EPS of $1.00. On average, sell-side analysts expect Enterprise Financial Services to post EPS of 4.63 for the current year.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Western Financial Corporation increased its holdings of Enterprise Financial Services shares by 4.5% in the third quarter. Western Financial Corporation now owns 805,593 shares of the bank valued at $36,477,000 after buying an additional 34,840 shares in the last quarter. William Blair Investment Management LLC increased its holdings of Enterprise Financial Services shares by 48,273.2% in the third quarter. William Blair Investment Management LLC now owns 735,272 shares of the bank valued at $33,293,000 after purchasing an additional 733,752 shares in the last quarter. Invesco Ltd. increased its holdings of Enterprise Financial Services shares by 41.3% in the third quarter. Invesco Ltd. now owns 50,645 shares of the bank valued at $2,293,000 after purchasing an additional 14,794 shares in the last quarter. Credit Suisse AG increased its stake in Enterprise Financial Services by 24.6% in the third quarter. Credit Suisse AG now owns 49,785 shares in the bank worth $2,254,000 after buying an additional 9,825 shares in the last quarter. Finally, Weaver Consulting Group acquired a new position in Enterprise Financial Services during the third quarter at a value of $254,000. Institutional investors hold 64.80% of the company’s shares.
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.
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