Enterprise Financial Services (EFSC) Releases Earnings Results, Beats Expectations By $0.01 EPS

Enterprise Financial Services (NASDAQ:EFSC) released its quarterly earnings data on Monday, January 22nd. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01, Bloomberg Earnings reports. The firm had revenue of $58.52 million during the quarter, compared to the consensus estimate of $56.93 million. Enterprise Financial Services had a return on equity of 11.15% and a net margin of 20.34%.

Shares of Enterprise Financial Services (EFSC) traded up $0.85 during mid-day trading on Wednesday, hitting $48.00. The stock had a trading volume of 109,553 shares, compared to its average volume of 141,489. Enterprise Financial Services has a 1-year low of $36.65 and a 1-year high of $49.67. The stock has a market capitalization of $1,078.26, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.03 and a quick ratio of 1.03.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.92%. Enterprise Financial Services’s payout ratio is 21.26%.

In other news, President Scott Richard Goodman sold 3,700 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $45.85, for a total transaction of $169,645.00. Following the sale, the president now owns 38,269 shares in the company, valued at $1,754,633.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas Bauche sold 960 shares of Enterprise Financial Services stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $44.10, for a total value of $42,336.00. Following the sale, the insider now directly owns 679 shares of the company’s stock, valued at approximately $29,943.90. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Several analysts recently weighed in on the company. Piper Jaffray Companies restated a “buy” rating and issued a $54.50 price objective on shares of Enterprise Financial Services in a report on Tuesday, January 9th. Zacks Investment Research upgraded Enterprise Financial Services from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a research note on Monday, January 1st. BidaskClub upgraded Enterprise Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 7th. Finally, ValuEngine lowered Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.83.

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Enterprise Financial Services Company Profile

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 (NASDAQ:EFSC)

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