Enterprise Financial Services (NASDAQ:EFSC) Posts Quarterly Earnings Results, Misses Expectations By $0.20 EPS

Enterprise Financial Services (NASDAQ:EFSC) released its quarterly earnings results on Wednesday. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20), FiscalAI reports. The company had revenue of $182.19 million for the quarter, compared to analysts’ expectations of $189.15 million. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%.

Enterprise Financial Services Price Performance

EFSC traded down $1.02 during midday trading on Wednesday, reaching $65.74. 330,283 shares of the company’s stock were exchanged, compared to its average volume of 244,279. Enterprise Financial Services has a 1-year low of $51.18 and a 1-year high of $68.73. The stock has a market capitalization of $2.41 billion, a PE ratio of 12.40 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50-day moving average price is $63.16 and its 200 day moving average price is $59.08.

Insider Activity at Enterprise Financial Services

In other news, EVP Mark G. Ponder sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total transaction of $75,687.50. Following the completion of the transaction, the executive vice president directly owned 23,526 shares of the company’s stock, valued at $1,424,499.30. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enterprise Financial Services

Large investors have recently bought and sold shares of the stock. Corient Private Wealth LLC acquired a new position in shares of Enterprise Financial Services in the fourth quarter worth $333,000. EP Wealth Advisors LLC acquired a new stake in shares of Enterprise Financial Services during the fourth quarter valued at $302,000. Wellington Management Group LLP increased its position in Enterprise Financial Services by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock worth $159,414,000 after purchasing an additional 329,346 shares in the last quarter. Tudor Investment Corp ET AL increased its position in Enterprise Financial Services by 249.1% during the 4th quarter. Tudor Investment Corp ET AL now owns 72,905 shares of the bank’s stock worth $3,937,000 after purchasing an additional 52,021 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Enterprise Financial Services by 2,090.9% in the 4th quarter. Millennium Management LLC now owns 105,077 shares of the bank’s stock valued at $5,674,000 after purchasing an additional 100,281 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

EFSC has been the subject of a number of recent research reports. Piper Sandler increased their price objective on Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Wall Street Zen lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday. Raymond James Financial increased their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods boosted their target price on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.50.

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.