Enterprise Financial Services Corp (NASDAQ:EFSC – Get Free Report)’s share price gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $35.69, but opened at $33.75. Enterprise Financial Services shares last traded at $33.65, with a volume of 24,140 shares changing hands.
The bank reported $1.17 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.07). Enterprise Financial Services had a net margin of 30.42% and a return on equity of 14.58%. The firm had revenue of $212.99 million for the quarter, compared to analyst estimates of $153.59 million. During the same quarter in the prior year, the firm earned $1.31 earnings per share.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on EFSC shares. Raymond James reiterated a “market perform” rating on shares of Enterprise Financial Services in a report on Wednesday, July 26th. StockNews.com downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday.
Institutional Trading of Enterprise Financial Services
Several institutional investors have recently modified their holdings of the business. Moneta Group Investment Advisors LLC boosted its position in Enterprise Financial Services by 111,650.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 93,278,472 shares of the bank’s stock valued at $4,566,914,000 after acquiring an additional 93,195,002 shares during the last quarter. BlackRock Inc. boosted its position in Enterprise Financial Services by 9.5% during the second quarter. BlackRock Inc. now owns 3,370,194 shares of the bank’s stock valued at $131,775,000 after acquiring an additional 291,919 shares during the last quarter. Vanguard Group Inc. boosted its position in Enterprise Financial Services by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,826,207 shares of the bank’s stock valued at $86,398,000 after acquiring an additional 10,203 shares during the last quarter. Wellington Management Group LLP boosted its position in Enterprise Financial Services by 3.5% during the first quarter. Wellington Management Group LLP now owns 1,629,660 shares of the bank’s stock valued at $72,667,000 after acquiring an additional 54,561 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Enterprise Financial Services by 14.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,604,795 shares of the bank’s stock valued at $62,749,000 after acquiring an additional 199,790 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.
Enterprise Financial Services Stock Down 5.9 %
The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1.26 billion, a P/E ratio of 5.95 and a beta of 1.08. The stock’s 50-day simple moving average is $38.02 and its 200 day simple moving average is $40.09.
About Enterprise Financial Services
Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. It offers checking, savings, and money market accounts, and certificates of deposit. The company also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.
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