Enterprise Financial Services Corporation (NASDAQ:EFSC) Announces Earnings Results
Enterprise Financial Services Corporation (NASDAQ:EFSC) issued its earnings results on Monday, July 24th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.06, Bloomberg Earnings reports. Enterprise Financial Services Corporation had a net margin of 24.54% and a return on equity of 11.18%. The firm had revenue of $53.57 million during the quarter, compared to the consensus estimate of $51.91 million.
Enterprise Financial Services Corporation (NASDAQ EFSC) traded up 0.26% during midday trading on Friday, reaching $38.15. 180,432 shares of the company’s stock were exchanged. Enterprise Financial Services Corporation has a 12-month low of $29.65 and a 12-month high of $46.25. The company has a market cap of $895.08 million, a price-to-earnings ratio of 16.60 and a beta of 0.85. The firm has a 50-day moving average price of $39.91 and a 200 day moving average price of $41.66.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, September 14th. Enterprise Financial Services Corporation’s payout ratio is 18.97%.
In related news, Director Michael Holmes bought 2,556 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $38.74 per share, for a total transaction of $99,019.44. Following the acquisition, the director now directly owns 2,716 shares in the company, valued at $105,217.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE acquired a new position in Enterprise Financial Services Corporation during the first quarter worth $171,000. Quantitative Systematic Strategies LLC purchased a new position in Enterprise Financial Services Corporation during the first quarter valued at about $201,000. Legal & General Group Plc raised its position in Enterprise Financial Services Corporation by 4.5% in the first quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock valued at $215,000 after buying an additional 219 shares during the last quarter. Citigroup Inc. raised its position in Enterprise Financial Services Corporation by 272.4% in the second quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock valued at $227,000 after buying an additional 4,064 shares during the last quarter. Finally, Brookstone Capital Management purchased a new position in Enterprise Financial Services Corporation during the second quarter valued at about $228,000. Institutional investors and hedge funds own 69.15% of the company’s stock.
A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $48.00 price target on shares of Enterprise Financial Services Corporation in a research note on Friday, July 28th. BidaskClub raised shares of Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $45.00 price objective on shares of Enterprise Financial Services Corporation in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $43.00.
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About Enterprise Financial Services Corporation
Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.
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