Enterprise Financial Services (NASDAQ:EFSC) Issues Earnings Results, Beats Expectations By $0.01 EPS

Enterprise Financial Services (NASDAQ:EFSC) posted its earnings results on Wednesday. The bank reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01, FiscalAI reports. The business had revenue of $113.74 million for the quarter, compared to analysts’ expectations of $174.02 million. Enterprise Financial Services had a net margin of 20.15% and a return on equity of 10.57%.

Enterprise Financial Services Price Performance

Shares of EFSC traded down $0.04 on Wednesday, hitting $57.49. The company’s stock had a trading volume of 120,568 shares, compared to its average volume of 229,164. The company has a market capitalization of $2.12 billion, a PE ratio of 10.83 and a beta of 0.79. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Enterprise Financial Services has a fifty-two week low of $48.97 and a fifty-two week high of $62.30. The company has a 50 day moving average price of $56.54 and a 200 day moving average price of $55.77.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.32. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 24.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EFSC. Piper Sandler upped their target price on shares of Enterprise Financial Services from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. DA Davidson upped their price objective on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings raised shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.00.

Institutional Trading of Enterprise Financial Services

Several hedge funds have recently modified their holdings of EFSC. Wellington Management Group LLP lifted its holdings in Enterprise Financial Services by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock valued at $159,414,000 after buying an additional 329,346 shares during the period. Millennium Management LLC lifted its holdings 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 valued at $5,674,000 after buying an additional 100,281 shares during the period. First Trust Advisors LP lifted its holdings in Enterprise Financial Services by 6.0% in the fourth quarter. First Trust Advisors LP now owns 1,471,244 shares of the bank’s stock valued at $79,447,000 after buying an additional 83,626 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Enterprise Financial Services in the fourth quarter valued at approximately $3,168,000. Finally, Bank of America Corp DE lifted its holdings in Enterprise Financial Services by 18.5% in the third quarter. Bank of America Corp DE now owns 363,587 shares of the bank’s stock valued at $21,081,000 after buying an additional 56,884 shares during the period. 72.21% of the stock is owned by institutional investors.

About Enterprise Financial Services

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.