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.
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