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.

Earnings History for Enterprise Financial Services Corporation (NASDAQ:EFSC)

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