Enterprise Financial Services (NASDAQ:EFSC) released its quarterly earnings data on Monday. The bank reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.04, Fidelity Earnings reports. The company had revenue of $55.71 million during the quarter, compared to analyst estimates of $55.51 million. Enterprise Financial Services had a net margin of 22.60% and a return on equity of 12.25%.
Shares of EFSC stock opened at $49.75 on Wednesday. The firm has a market cap of $1,124.84, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 1.02. Enterprise Financial Services has a 12 month low of $36.65 and a 12 month high of $49.97.
In other Enterprise Financial Services news, President Scott Richard Goodman sold 1,200 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $47.55, for a total transaction of $57,060.00. Following the completion of the sale, the president now owns 41,875 shares in the company, valued at approximately $1,991,156.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.
Several analysts have recently weighed in on the stock. Piper Jaffray reiterated a “buy” rating and issued a $54.50 price objective on shares of Enterprise Financial Services in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research note on Monday, January 1st. BidaskClub lowered shares of Enterprise Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. Finally, ValuEngine upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Enterprise Financial Services currently has an average rating of “Buy” and an average price target of $50.83.
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About Enterprise Financial Services
Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.
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