Enterprise Financial Services (NASDAQ:EFSC) Releases Earnings Results, Misses Estimates By $0.21 EPS

Enterprise Financial Services (NASDAQ:EFSC) released its quarterly earnings results on Wednesday. The bank reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.21), FiscalAI reports. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. The firm had revenue of $192.53 million during the quarter, compared to the consensus estimate of $193.09 million.

Enterprise Financial Services Stock Performance

Shares of EFSC traded down $0.30 during mid-day trading on Wednesday, hitting $60.25. The company’s stock had a trading volume of 184,293 shares, compared to its average volume of 242,568. Enterprise Financial Services has a one year low of $51.18 and a one year high of $68.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $2.18 billion, a PE ratio of 11.98 and a beta of 0.82. The stock’s 50-day moving average is $62.09 and its two-hundred day moving average is $62.13.

Analysts Set New Price Targets

EFSC has been the topic of a number of research analyst reports. Stephens began coverage on shares of Enterprise Financial Services in a research note on Friday, September 18th. They issued an “equal weight” rating and a $70.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Tuesday, October 6th. Raymond James Financial boosted their target price on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Piper Sandler upped their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Finally, Benchmark raised Enterprise Financial Services to a “strong-buy” rating in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Its principal subsidiary, Enterprise Bank & Trust, provides banking and financial services to businesses, professionals, institutions and individuals.

The company offers commercial and small-business lending, deposit accounts, treasury management, private banking, wealth management, trust and estate services, and other financial solutions. Its commercial banking capabilities include financing for working capital, equipment, real estate and business expansion.

Enterprise Bank & Trust serves customers through banking markets that include St.