Enterprise Financial Services (NASDAQ:EFSC) Releases Quarterly Earnings Results, Misses Estimates By $0.20 EPS

Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) announced its quarterly earnings results on Wednesday. The bank reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.20), FiscalAI reports. The firm had revenue of $173.10 million for the quarter, compared to analyst estimates of $189.15 million. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%.

Enterprise Financial Services Price Performance

EFSC stock traded down $1.08 during trading on Wednesday, hitting $65.68. The company had a trading volume of 330,281 shares, compared to its average volume of 243,333. The business has a 50 day moving average of $63.16 and a 200 day moving average of $59.08. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 12.39 and a beta of 0.79. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. Enterprise Financial Services has a fifty-two week low of $51.18 and a fifty-two week high of $68.73.

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Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total transaction of $75,687.50. Following the sale, the executive vice president directly owned 23,526 shares in the company, valued at approximately $1,424,499.30. The trade was a 5.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EFSC. Wellington Management Group LLP raised its holdings in Enterprise Financial Services by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock worth $159,414,000 after purchasing an additional 329,346 shares in the last quarter. Millennium Management LLC lifted its position in Enterprise Financial Services by 2,090.9% in the fourth quarter. Millennium Management LLC now owns 105,077 shares of the bank’s stock worth $5,674,000 after purchasing an additional 100,281 shares during the period. First Trust Advisors LP boosted its stake in Enterprise Financial Services by 6.0% during the 4th quarter. First Trust Advisors LP now owns 1,471,244 shares of the bank’s stock valued at $79,447,000 after purchasing an additional 83,626 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Enterprise Financial Services during the 4th quarter valued at $3,168,000. Finally, Bank of America Corp DE increased its position in shares of Enterprise Financial Services by 18.5% during the 3rd quarter. Bank of America Corp DE now owns 363,587 shares of the bank’s stock valued at $21,081,000 after purchasing an additional 56,884 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Keefe, Bruyette & Woods raised their price target on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Raymond James Financial lifted their price target on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Piper Sandler boosted their price objective on Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Finally, Wall Street Zen lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $68.50.

View Our Latest Stock Report on Enterprise Financial Services

About Enterprise Financial Services

(Get Free Report)

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.

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