Enterprise Financial Services (NASDAQ:EFSC) Posts Earnings Results, Misses Estimates By $0.21 EPS

Enterprise Financial Services (NASDAQ:EFSC) announced its earnings results on Wednesday. The bank reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.21), FiscalAI reports. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. The business had revenue of $192.53 million for the quarter, compared to the consensus estimate of $193.09 million.

Enterprise Financial Services Stock Down 0.5%

Shares of EFSC traded down $0.30 on Wednesday, reaching $60.25. The stock had a trading volume of 184,293 shares, compared to its average volume of 242,566. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. Enterprise Financial Services has a 12-month low of $51.18 and a 12-month high of $68.73. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 11.98 and a beta of 0.82. The company has a 50-day simple moving average of $62.09 and a 200-day simple moving average of $62.13.

Analysts Set New Price Targets

EFSC has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Tuesday, October 6th. Raymond James Financial upped their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods raised their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Piper Sandler lifted their target price on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Finally, Stephens assumed coverage on shares of Enterprise Financial Services in a research report on Friday, September 18th. They set an “equal weight” rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

About Enterprise Financial Services

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Its principal subsidiary, Enterprise Bank & Trust, provides banking and financial services to businesses, professionals, institutions and individuals.

The company offers commercial and small-business lending, deposit accounts, treasury management, private banking, wealth management, trust and estate services, and other financial solutions. Its commercial banking capabilities include financing for working capital, equipment, real estate and business expansion.

Enterprise Bank & Trust serves customers through banking markets that include St.