Enterprise Financial Services (NASDAQ:EFSC) Announces Earnings Results

Enterprise Financial Services (NASDAQ:EFSC – Get Rating) released its quarterly earnings data on Monday. The bank reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.23, MarketWatch Earnings reports. The company had revenue of $173.61 million during the quarter, compared to the consensus estimate of $142.42 million. Enterprise Financial Services had a net margin of 36.51% and a return on equity of 13.91%.

Enterprise Financial Services Price Performance

Shares of Enterprise Financial Services stock traded up $3.62 during mid-day trading on Tuesday, reaching $52.58. 247,016 shares of the stock were exchanged, compared to its average volume of 144,168. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 10.16 and a beta of 1.14. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. The firm has a 50-day simple moving average of $49.82 and a 200 day simple moving average of $47.97. Enterprise Financial Services has a fifty-two week low of $39.63 and a fifty-two week high of $54.31.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EFSC. StockNews.com downgraded shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, December 15th. DA Davidson raised shares of Enterprise Financial Services from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $46.00 to $60.00 in a report on Wednesday, October 26th. Finally, Raymond James raised their price objective on shares of Enterprise Financial Services from $53.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, October 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.33.

Insider Buying and Selling

In related news, Director Richard Sanborn sold 24,552 shares of the stock in a transaction dated Thursday, December 1st. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enterprise Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Enterprise Financial Services by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,826,207 shares of the bank’s stock worth $86,398,000 after buying an additional 10,203 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Enterprise Financial Services by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,116,234 shares of the bank’s stock worth $52,810,000 after buying an additional 25,403 shares during the period. State Street Corp grew its position in shares of Enterprise Financial Services by 5.4% during the 1st quarter. State Street Corp now owns 1,076,939 shares of the bank’s stock worth $50,950,000 after buying an additional 55,090 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Enterprise Financial Services by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 280,785 shares of the bank’s stock worth $13,284,000 after buying an additional 15,895 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Enterprise Financial Services by 3.0% during the 1st quarter. JPMorgan Chase & Co. now owns 276,485 shares of the bank’s stock worth $13,080,000 after buying an additional 8,156 shares during the period. Institutional investors and hedge funds own 68.87% of the company’s stock.

About Enterprise Financial Services

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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.