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

Enterprise Financial Services (NASDAQ:EFSC) released its quarterly earnings results on Monday. The bank reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01), FiscalAI reports. The company had revenue of $190.95 million for the quarter, compared to analyst estimates of $188.54 million. Enterprise Financial Services had a return on equity of 10.82% and a net margin of 19.98%.

Enterprise Financial Services Stock Performance

EFSC stock traded up $0.31 during trading on Monday, reaching $55.92. 245,012 shares of the company’s stock were exchanged, compared to its average volume of 149,493. Enterprise Financial Services has a 1-year low of $45.22 and a 1-year high of $62.60. The firm has a market cap of $2.07 billion, a PE ratio of 10.88 and a beta of 0.84. The company’s fifty day moving average price is $55.22 and its 200-day moving average price is $56.40. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.35.

Analysts Set New Price Targets

Several brokerages have recently commented on EFSC. Keefe, Bruyette & Woods decreased their target price on Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Piper Sandler lowered their target price on shares of Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. 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 shares of Enterprise Financial Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.67.

Hedge Funds Weigh In On Enterprise Financial Services

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in shares of Enterprise Financial Services by 8.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,622,760 shares of the bank’s stock worth $152,068,000 after acquiring an additional 207,256 shares during the period. Bank of America Corp DE raised its holdings in Enterprise Financial Services by 18.5% during the third quarter. Bank of America Corp DE now owns 363,587 shares of the bank’s stock worth $21,081,000 after purchasing an additional 56,884 shares in the last quarter. Visionary Wealth Advisors lifted its position in Enterprise Financial Services by 1,009.4% in the second quarter. Visionary Wealth Advisors now owns 57,989 shares of the bank’s stock worth $3,195,000 after purchasing an additional 52,762 shares during the period. Lazard Asset Management LLC lifted its position in Enterprise Financial Services by 71,893.3% in the second quarter. Lazard Asset Management LLC now owns 21,598 shares of the bank’s stock worth $1,190,000 after purchasing an additional 21,568 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Enterprise Financial Services by 17.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 129,070 shares of the bank’s stock valued at $7,483,000 after purchasing an additional 19,193 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Company Profile

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.