Enterprise Financial Services Corporation (EFSC) Announces Quarterly Earnings Results
Enterprise Financial Services Corporation (NASDAQ:EFSC) posted its earnings results on Monday. The bank reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01, Zacks reports. The company had revenue of $54.00 million for the quarter, compared to analyst estimates of $54.11 million. Enterprise Financial Services Corporation had a net margin of 24.54% and a return on equity of 11.18%.
Enterprise Financial Services Corporation (NASDAQ EFSC) traded up 0.70% during trading on Tuesday, reaching $43.25. 99,110 shares of the company’s stock traded hands. The firm has a market capitalization of $1.01 billion, a PE ratio of 18.82 and a beta of 0.86. Enterprise Financial Services Corporation has a 1-year low of $32.25 and a 1-year high of $46.25. The firm has a 50 day moving average of $41.20 and a 200 day moving average of $40.81.
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Several equities analysts have weighed in on EFSC shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $48.00 target price on shares of Enterprise Financial Services Corporation in a report on Friday, July 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $46.00 target price on shares of Enterprise Financial Services Corporation in a report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, BidaskClub lowered shares of Enterprise Financial Services Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
In other news, insider Douglas Bauche sold 1,200 shares of Enterprise Financial Services Corporation stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $38.11, for a total transaction of $45,732.00. Following the completion of the sale, the insider now directly owns 1,639 shares in the company, valued at $62,462.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Holmes purchased 2,556 shares of the stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $38.74 per share, with a total value of $99,019.44. Following the completion of the acquisition, the director now owns 2,716 shares of the company’s stock, valued at $105,217.84. The disclosure for this purchase can be found here. Insiders own 5.60% of the company’s stock.
About Enterprise Financial Services Corporation
Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.
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