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

by · The Markets Daily

Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) released its quarterly earnings data on Wednesday. The bank reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.21), FiscalAI reports. The firm had revenue of $192.53 million for the quarter, compared to analyst estimates of $193.09 million. Enterprise Financial Services had a return on equity of 9.52% and a net margin of 18.83%.

Enterprise Financial Services Trading Up 1.3%

Shares of EFSC opened at $61.80 on Friday. Enterprise Financial Services has a 12 month low of $51.18 and a 12 month high of $68.73. The stock’s 50-day moving average is $61.86 and its two-hundred day moving average is $62.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $2.24 billion, a PE ratio of 12.22 and a beta of 0.82.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.36 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, December 15th. Enterprise Financial Services’s payout ratio is presently 27.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Stephens initiated coverage on Enterprise Financial Services in a research report on Friday, September 18th. They set an “equal weight” rating and a $70.00 price target for the company. Piper Sandler upped their price target on Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Raymond James Financial raised their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Tuesday, October 6th. Finally, Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, October 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Read Our Latest Analysis on Enterprise Financial Services

About Enterprise Financial Services

(Get Free Report)

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.

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