Enterprise Financial Services (NASDAQ:EFSC) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Key Points

• Enterprise Financial Services reported earnings of $1.37 per share for the quarter, exceeding expectations by $0.16 compared to the consensus estimate of $1.21.
• The company's share price increased by 0.8% during mid-day trading, reaching $56.38, with a market capitalization of $2.08 billion.
• Institutional investors now hold 72.21% of the company's stock, indicating strong confidence among large stakeholders in Enterprise Financial Services.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) announced its quarterly earnings data on Monday. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16, Zacks reports. Enterprise Financial Services had a return on equity of 11.14% and a net margin of 20.92%.

Enterprise Financial Services Trading Up 0.8%

Shares of NASDAQ EFSC traded up $0.46 during mid-day trading on Monday, hitting $56.38. 138,401 shares of the company traded hands, compared to its average volume of 205,240. Enterprise Financial Services has a 1 year low of $45.22 and a 1 year high of $63.13. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.05 and a beta of 0.86. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $54.87 and a two-hundred day moving average of $55.04.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price objective on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Wall Street Zen upgraded Enterprise Financial Services from a "sell" rating to a "hold" rating in a report on Saturday. Finally, DA Davidson reduced their target price on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, April 30th.

Insider Buying and Selling at Enterprise Financial Services

In other news, CEO James Brian Lally sold 1,828 shares of the company's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $55.16, for a total transaction of $100,832.48. Following the completion of the sale, the chief executive officer directly owned 100,885 shares of the company's stock, valued at $5,564,816.60. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael E. Finn purchased 1,500 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average cost of $52.50 per share, for a total transaction of $78,750.00. Following the completion of the transaction, the director directly owned 1,500 shares of the company's stock, valued at $78,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 8,572 shares of company stock valued at $472,667. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Focus Partners Wealth increased its position in Enterprise Financial Services by 25.1% in the 1st quarter. Focus Partners Wealth now owns 5,398 shares of the bank's stock worth $290,000 after purchasing an additional 1,082 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Enterprise Financial Services by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank's stock worth $1,169,000 after acquiring an additional 698 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Enterprise Financial Services by 46.1% during the 1st quarter. Intech Investment Management LLC now owns 25,082 shares of the bank's stock worth $1,348,000 after acquiring an additional 7,909 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Enterprise Financial Services by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 58,539 shares of the bank's stock worth $3,146,000 after acquiring an additional 7,419 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Enterprise Financial Services by 10.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank's stock worth $5,718,000 after acquiring an additional 9,816 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

About Enterprise Financial Services

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.

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