Enterprise Financial Services (NASDAQ:EFSC) Announces Quarterly Earnings Results

Enterprise Financial Services (NASDAQ:EFSCGet Free Report) announced its quarterly earnings data on Wednesday. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20), FiscalAI reports. The business had revenue of $182.19 million during 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 Trading Down 1.6%

Shares of EFSC opened at $65.68 on Thursday. The stock has a fifty day moving average price of $63.30 and a two-hundred day moving average price of $59.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. Enterprise Financial Services has a 52-week low of $51.18 and a 52-week high of $68.73. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 12.39 and a beta of 0.79.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. Enterprise Financial Services’s payout ratio is 25.66%.

Insider Buying and Selling

In other news, EVP Mark G. Ponder sold 1,250 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total transaction of $75,687.50. Following the sale, the executive vice president owned 23,526 shares in the company, valued at approximately $1,424,499.30. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFSC. EverSource Wealth Advisors LLC increased its position in Enterprise Financial Services by 929.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after acquiring an additional 576 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Enterprise Financial Services during the fourth quarter worth approximately $99,000. Comerica Bank lifted its position in shares of Enterprise Financial Services by 17.4% during the third quarter. Comerica Bank now owns 2,041 shares of the bank’s stock worth $118,000 after purchasing an additional 303 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Enterprise Financial Services by 106.0% during the second quarter. Federated Hermes Inc. now owns 2,182 shares of the bank’s stock worth $120,000 after purchasing an additional 1,123 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Enterprise Financial Services by 1,113.1% during the fourth quarter. Quadrant Capital Group LLC now owns 2,317 shares of the bank’s stock valued at $125,000 after purchasing an additional 2,126 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Key Stories Impacting Enterprise Financial Services

Here are the key news stories impacting Enterprise Financial Services this week:

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EFSC. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Raymond James Financial raised their price target on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods upped their price objective on Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen cut Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Finally, Piper Sandler raised their target price 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. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.50.

Get Our Latest Report on EFSC

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.

See Also

Earnings History for Enterprise Financial Services (NASDAQ:EFSC)

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