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

Enterprise Financial Services (NASDAQ:EFSC) posted its quarterly earnings data on Wednesday. The bank reported $1.31 earnings per share (EPS) for the quarter, topping 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 Trading Up 0.1%

Enterprise Financial Services stock opened at $57.56 on Thursday. Enterprise Financial Services has a 52-week low of $48.97 and a 52-week high of $62.30. 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. The firm has a 50-day moving average price of $56.51 and a two-hundred day moving average price of $55.79.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.34 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.36 annualized dividend and a yield of 2.4%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s payout ratio is 24.86%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Piper Sandler boosted their target price on shares of Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. DA Davidson lifted their price target on Enterprise Financial Services from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings raised Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.00.

Institutional Trading of Enterprise Financial Services

Several hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew 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 worth $159,414,000 after purchasing an additional 329,346 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Enterprise Financial Services by 6.0% during the fourth quarter. First Trust Advisors LP now owns 1,471,244 shares of the bank’s stock valued at $79,447,000 after purchasing an additional 83,626 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Enterprise Financial Services by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 946,996 shares of the bank’s stock worth $51,146,000 after purchasing an additional 4,335 shares during the period. Bank of America Corp DE grew its position in Enterprise Financial Services by 18.5% in the 3rd quarter. Bank of America Corp DE now owns 363,587 shares of the bank’s stock valued at $21,081,000 after buying an additional 56,884 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its position in Enterprise Financial Services by 4.7% in the 3rd quarter. Bridgeway Capital Management LLC now owns 326,276 shares of the bank’s stock valued at $18,917,000 after buying an additional 14,662 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

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.