Enterprise Financial Services (NASDAQ:EFSC) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) announced its quarterly earnings results on Monday. The bank reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.14, Zacks reports. The firm had revenue of $18.48 million during the quarter, compared to analyst estimates of $162.83 million. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%.

Enterprise Financial Services Stock Up 1.1 %

NASDAQ EFSC traded up $0.56 during midday trading on Friday, hitting $52.95. 126,490 shares of the company traded hands, compared to its average volume of 176,924. Enterprise Financial Services has a 52 week low of $37.28 and a 52 week high of $63.13. The company's 50-day simple moving average is $52.81 and its 200-day simple moving average is $56.07. The company has a market cap of $1.96 billion, a PE ratio of 10.94 and a beta of 0.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 2.27%. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.29. Enterprise Financial Services's dividend payout ratio is currently 23.53%.

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $58.47, for a total value of $323,046.75. Following the transaction, the director now owns 15,447 shares in the company, valued at $903,186.09. The trade was a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EFSC shares. Keefe, Bruyette & Woods lowered their target price on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a report on Wednesday. DA Davidson lowered their price objective on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.