Enterprise Financial Services (NASDAQ:EFSC) Releases Earnings Results, Beats Estimates By $0.23 EPS

Enterprise Financial Services (NASDAQ:EFSC – Get Rating) issued its quarterly earnings results on Monday. The bank reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.23, MarketWatch Earnings reports. Enterprise Financial Services had a return on equity of 14.65% and a net margin of 35.36%. The business had revenue of $173.61 million for the quarter, compared to the consensus estimate of $142.42 million.

Enterprise Financial Services Stock Performance

EFSC opened at $52.58 on Wednesday. The company has a market cap of $1.96 billion, a PE ratio of 10.37 and a beta of 1.15. The stock has a 50-day moving average of $49.83 and a 200-day moving average of $48.04. Enterprise Financial Services has a 52-week low of $39.63 and a 52-week high of $54.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90.

Insider Transactions at Enterprise Financial Services

In other news, Director Richard Sanborn sold 24,552 shares of the company’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $52.10, for a total transaction of $1,279,159.20. Following the completion of the sale, the director now owns 80,552 shares in the company, valued at approximately $4,196,759.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Enterprise Financial Services

Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its position in shares of Enterprise Financial Services by 48.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock worth $32,000 after purchasing an additional 237 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Enterprise Financial Services by 29.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,020 shares of the bank’s stock valued at $102,000 after acquiring an additional 460 shares in the last quarter. Cetera Advisor Networks LLC acquired a new position in Enterprise Financial Services in the 1st quarter valued at approximately $231,000. Bank of Montreal Can raised its holdings in Enterprise Financial Services by 5.0% in the 2nd quarter. Bank of Montreal Can now owns 5,513 shares of the bank’s stock valued at $237,000 after acquiring an additional 265 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Enterprise Financial Services by 8.1% in the 3rd quarter. Royal Bank of Canada now owns 6,354 shares of the bank’s stock valued at $280,000 after acquiring an additional 477 shares in the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com downgraded Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, December 15th. DA Davidson upgraded Enterprise Financial Services from a “neutral” rating to a “buy” rating and boosted their target price for the company from $46.00 to $60.00 in a research note on Wednesday, October 26th. Finally, Raymond James boosted their target price on Enterprise Financial Services from $53.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.33.

Enterprise Financial Services Company Profile

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Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers checking, savings, and money market accounts, and certificates of deposit. It also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.