Enterprise Financial Services

EFSC · NASDAQ

$60.55+$1.15 (+1.94%)TodayMarket closed · Oct 20, 7:39 PM ET

Prev close $59.40

EFSC analyst rating

BuyConsensus of 6 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy4
Hold2
Underperform0
Sell0

12-month price target · 9 analysts

Average $72.71 (+20.1% upside)

Low: $68.68
Now: $60.55
High: $77.70

Upgrades and downgrades

The latest rating actions, newest first

EFSC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
StoneX	Sep 24, 2026	Initiates	Buy	$70.00	70%
Stephens & Co.	Sep 18, 2026	Initiates	Equal-Weight	$70.00	73%
Piper Sandler	Jul 27, 2026	Maintains	Neutral	$67.00 → $68.00	72%
Keefe, Bruyette & Woods	Jul 24, 2026	Maintains	Outperform	$70.00 → $72.00	64%
Raymond James	Jul 1, 2026	Maintains	Outperform	$65.00 → $72.00	54%
Piper Sandler	Jun 18, 2026	Maintains	Neutral	$64.00 → $67.00	72%
Keefe, Bruyette & Woods	Apr 24, 2026	Maintains	Outperform	$66.00 → $67.00	64%
DA Davidson	Jan 28, 2026	Maintains	Buy	$66.00 → $68.00	86%
Piper Sandler	Jan 28, 2026	Maintains	Neutral	$62.00 → $64.00	72%
Keefe, Bruyette & Woods	Oct 29, 2025	Maintains	Outperform	$68.00 → $66.00	64%

The case for and against

Updated Oct 21, 2026

Bull case

Enterprise Finl Servs is favored because opportunistic acquisitions have expanded its footprint beyond strong Midwestern roots into attractive markets, broadened niche lending verticals, and strengthened its funding base for sustainable growth and above-peer profitability. Loan momentum is solid, with EOP loans up $199.6 million, or about 7% LQA, led by specialty lending and commercial real estate, while gross originations rose 48% q/q and 32% y/y, supporting a deep and diversified pipeline. The outlook is further reinforced by stable mid-to-high 4.27%-4.28% NIM guidance, disciplined deposit pricing, manageable expenses, active buybacks, and resilient capital with pro forma TRBC near 14.5% and TCE expected to build over time.

Bear case

Enterprise Finl Servs is viewed negatively because credit quality deteriorated sharply, with provision expense of $14.2mm versus a $6.4mm estimate and net charge-offs of $13.6mm, or 46bps of average loans, far above 1Q’s 15bps. NPLs rose 17% q/q to $76.1mm as a California hotel and a C&I relationship moved toward nonaccrual, pushing NPAs to 1.34% of loans/OREO, while the reserve ratio slipped to 1.17% of loans, suggesting less cushion if stress persists. Although stronger NII helped offset some weakness, weaker fee income and the risk of elevated interest rates, slower loan demand, and margin pressure point to a near-term earnings profile that remains vulnerable.

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