Enterprise Financial Services (NASDAQ:EFSC) Releases Earnings Results, Misses Estimates By $0.21 EPS

Key Points

• Enterprise Financial Services reported quarterly EPS of $1.17, missing the $1.38 consensus estimate by $0.21. Revenue was $192.53 million, slightly below expectations of $193.09 million.
• Shares fell 0.5% to $60.25 in midday trading. The company reported a 9.70% return on equity and an 18.72% net margin, with a market capitalization of approximately $2.18 billion.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $70.00; recent ratings included a Benchmark upgrade to “strong buy” and a Raymond James “outperform” rating.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) released its earnings results on Wednesday. The bank reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.21), FiscalAI reports. Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%. The firm had revenue of $192.53 million during the quarter, compared to the consensus estimate of $193.09 million.

Enterprise Financial Services Trading Down 0.5%

Shares of EFSC stock traded down $0.30 during mid-day trading on Wednesday, reaching $60.25. The stock had a trading volume of 184,293 shares, compared to its average volume of 242,566. The stock's 50-day moving average price is $62.09 and its two-hundred day moving average price is $62.13. Enterprise Financial Services has a 52-week low of $51.18 and a 52-week high of $68.73. The firm has a market capitalization of $2.18 billion, a PE ratio of 11.98 and a beta of 0.82. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EFSC. Stephens started coverage on Enterprise Financial Services in a report on Friday, September 18th. They issued an "equal weight" rating and a $70.00 price objective on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Enterprise Financial Services in a research report on Tuesday, October 6th. Benchmark upgraded Enterprise Financial Services to a "strong-buy" rating in a research report on Wednesday, September 23rd. Piper Sandler lifted 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. Finally, Raymond James Financial boosted their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $70.00.

Enterprise Financial Services Company Profile

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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