Enterprise Financial Services (NASDAQ:EFSC) Announces Earnings Results

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Enterprise Financial Services (NASDAQ:EFSC) posted its quarterly earnings data on Monday. The bank reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05, Morningstar.com reports. Enterprise Financial Services had a return on equity of 13.50% and a net margin of 29.29%.

EFSC stock opened at $39.39 on Tuesday. The business’s fifty day moving average price is $40.65. The company has a market capitalization of $1.07 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.12 and a beta of 1.14. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. Enterprise Financial Services has a twelve month low of $36.09 and a twelve month high of $58.15.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Enterprise Financial Services by 4.0% in the fourth quarter. BlackRock Inc. now owns 1,754,043 shares of the bank’s stock valued at $66,005,000 after purchasing an additional 67,316 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Enterprise Financial Services by 6.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,058,150 shares of the bank’s stock valued at $43,141,000 after purchasing an additional 66,825 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Enterprise Financial Services by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,047,191 shares of the bank’s stock valued at $39,406,000 after purchasing an additional 19,498 shares during the last quarter. Patriot Financial Partners GP LP bought a new stake in Enterprise Financial Services in the first quarter valued at about $40,623,000. Finally, Enterprise Financial Services Corp increased its holdings in Enterprise Financial Services by 58.1% in the first quarter. Enterprise Financial Services Corp now owns 563,235 shares of the bank’s stock valued at $22,963,000 after purchasing an additional 207,078 shares during the last quarter. Institutional investors and hedge funds own 70.90% of the company’s stock.

EFSC has been the subject of a number of recent research reports. BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price for the company in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Enterprise Financial Services has an average rating of “Hold” and an average target price of $55.00.

About Enterprise Financial Services

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 demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.

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Earnings History for Enterprise Financial Services (NASDAQ:EFSC)

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