Enterprise Financial Services (NASDAQ:EFSC) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Enterprise Financial Services (NASDAQ:EFSC) issued its quarterly earnings results on Wednesday. The bank reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.01, FiscalAI reports. The company had revenue of $113.74 million for the quarter, compared to the consensus estimate of $174.02 million. Enterprise Financial Services had a return on equity of 10.57% and a net margin of 20.15%.

Enterprise Financial Services Price Performance

EFSC traded up $0.03 during midday trading on Wednesday, reaching $57.56. 167,923 shares of the company’s stock were exchanged, compared to its average volume of 229,387. Enterprise Financial Services has a one year low of $48.97 and a one year high of $62.30. The business has a 50-day simple moving average of $56.54 and a two-hundred day simple moving average of $55.77. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 10.84 and a beta of 0.79.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a dividend of $0.33 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, March 13th. Enterprise Financial Services’s dividend payout ratio is 24.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EFSC. Wellington Management Group LLP raised its stake in shares of Enterprise Financial Services by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock valued at $159,414,000 after acquiring an additional 329,346 shares during the last quarter. Millennium Management LLC raised its stake in shares of Enterprise Financial Services by 2,090.9% in the fourth quarter. Millennium Management LLC now owns 105,077 shares of the bank’s stock valued at $5,674,000 after acquiring an additional 100,281 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Enterprise Financial Services by 6.0% in the fourth quarter. First Trust Advisors LP now owns 1,471,244 shares of the bank’s stock valued at $79,447,000 after acquiring an additional 83,626 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Enterprise Financial Services in the fourth quarter valued at approximately $3,168,000. Finally, Bank of America Corp DE raised its stake in shares of Enterprise Financial Services by 18.5% in the third quarter. Bank of America Corp DE now owns 363,587 shares of the bank’s stock valued at $21,081,000 after acquiring an additional 56,884 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Analyst Ratings Changes

EFSC has been the topic of several research analyst reports. Piper Sandler raised their price target on Enterprise Financial Services from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. DA Davidson raised their price target on Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings raised Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Enterprise Financial Services has an average rating of “Moderate Buy” and an average price target of $66.00.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.