Enterprise Financial Services (NASDAQ:EFSC) Issues Earnings Results

Enterprise Financial Services (NASDAQ:EFSC – Get Rating) released its earnings results on Monday. The bank reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.23, MarketWatch Earnings reports. The company had revenue of $173.61 million for the quarter, compared to analyst estimates 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 Trading Up 7.4 %

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EFSC shares. DA Davidson upgraded shares of Enterprise Financial Services from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $46.00 to $60.00 in a report on Wednesday, October 26th. StockNews.com lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, December 15th. Finally, Raymond James increased 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. Based on data from MarketBeat, Enterprise Financial Services presently has an average rating of “Moderate Buy” and an average price target of $56.33.

Insider Buying and Selling

In other Enterprise Financial Services news, Director Richard Sanborn sold 24,552 shares of the stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $52.10, for a total value of $1,279,159.20. Following the completion of the sale, the director now owns 80,552 shares of the company’s stock, valued at $4,196,759.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.90% of the company’s stock.

Institutional Trading of Enterprise Financial Services

Several large investors have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Enterprise Financial Services during the third quarter worth approximately $1,452,000. Jane Street Group LLC grew its position in shares of Enterprise Financial Services by 3.5% during the third quarter. Jane Street Group LLC now owns 7,269 shares of the bank’s stock worth $320,000 after buying an additional 249 shares in the last quarter. BNP Paribas Arbitrage SNC grew its position in shares of Enterprise Financial Services by 10.4% during the third quarter. BNP Paribas Arbitrage SNC now owns 14,166 shares of the bank’s stock worth $624,000 after buying an additional 1,333 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Enterprise Financial Services by 48.8% during the third quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock worth $32,000 after buying an additional 237 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Enterprise Financial Services by 0.8% during the third quarter. Vanguard Group Inc. now owns 1,807,222 shares of the bank’s stock worth $79,589,000 after buying an additional 14,780 shares in the last quarter. 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.