Enterprise Financial Services (NASDAQ:EFSC) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

by · The Cerbat Gem

Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) announced its earnings results on Monday. The bank reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01), FiscalAI reports. Enterprise Financial Services had a net margin of 19.98% and a return on equity of 10.82%. The firm had revenue of $190.95 million for the quarter, compared to the consensus estimate of $188.54 million.

Enterprise Financial Services Stock Up 0.6%

NASDAQ:EFSC traded up $0.31 during trading hours on Monday, hitting $55.92. 245,012 shares of the company’s stock traded hands, compared to its average volume of 149,493. The stock’s fifty day moving average price is $55.22 and its two-hundred day moving average price is $56.40. The firm has a market cap of $2.07 billion, a P/E ratio of 10.88 and a beta of 0.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 0.88. Enterprise Financial Services has a twelve month low of $45.22 and a twelve month high of $62.60.

Institutional Trading of Enterprise Financial Services

Several institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake 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 buying an additional 576 shares during the period. Comerica Bank grew its holdings in shares of Enterprise Financial Services by 17.4% during the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock valued at $118,000 after acquiring an additional 303 shares in the last quarter. Federated Hermes Inc. raised its holdings 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 acquiring an additional 1,123 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Enterprise Financial Services by 233.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,461 shares of the bank’s stock valued at $191,000 after purchasing an additional 2,423 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Enterprise Financial Services in the third quarter valued at about $227,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EFSC shares. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Keefe, Bruyette & Woods cut their target price on shares of Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Piper Sandler decreased their price target on shares of Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. DA Davidson reaffirmed a “buy” rating and issued a $69.00 price target on shares of Enterprise Financial Services in a report on Tuesday, October 28th. Finally, Weiss Ratings lowered Enterprise Financial Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.67.

Read Our Latest Research 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.

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