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

Enterprise Financial Services (NASDAQ:EFSC) released its quarterly earnings results on Monday. The bank reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01), FiscalAI reports. Enterprise Financial Services had a net margin of 19.98% and a return on equity of 10.82%. The firm had revenue of $190.95 million during the quarter, compared to the consensus estimate of $188.54 million.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock opened at $55.92 on Tuesday. The company has a 50 day moving average of $55.29 and a 200-day moving average of $56.38. Enterprise Financial Services has a 1-year low of $45.22 and a 1-year high of $62.60. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.07 billion, a PE ratio of 10.88 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in shares of Enterprise Financial Services by 14.5% in the 1st quarter. AQR Capital Management LLC now owns 58,539 shares of the bank’s stock valued at $3,146,000 after purchasing an additional 7,419 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Enterprise Financial Services by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock worth $1,169,000 after buying an additional 698 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Enterprise Financial Services by 10.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock worth $5,718,000 after buying an additional 9,816 shares during the last quarter. Focus Partners Wealth boosted its stake in Enterprise Financial Services by 25.1% in the first quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock valued at $290,000 after buying an additional 1,082 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in Enterprise Financial Services by 46.1% in the first quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock valued at $1,348,000 after acquiring an additional 7,909 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EFSC shares. DA Davidson reissued a “buy” rating and set a $69.00 target price on shares of Enterprise Financial Services in a report on Tuesday, October 28th. Keefe, Bruyette & Woods dropped their price objective on shares of Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Piper Sandler decreased their target price on shares of Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings cut shares of Enterprise Financial Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Finally, Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

About Enterprise Financial Services

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.