Key Points
- EVP Mark Ponder sold 1,250 shares at an average price of $60.55 for $75,687.50, cutting his stake by 5.05% to 23,526 shares valued at about $1.42 million.
- The bank reported quarterly EPS of $1.31 (beat by $0.01) but posted revenue of $113.74 million versus analysts' $174.02 million estimate, with a net margin of 19.81% and ROE of 10.40%.
- Dividend increased to $0.34 per quarter (annualized $1.36, 2.4% yield), and analysts are generally positive—average rating "Moderate Buy" with a $66 price target after several firms raised their objectives.
Enterprise Financial Services Corporation (NASDAQ:EFSC - Get Free Report) EVP Mark Ponder sold 1,250 shares of the firm's stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total transaction of $75,687.50. Following the transaction, the executive vice president directly owned 23,526 shares in the company, valued at $1,424,499.30. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Enterprise Financial Services Stock Down 3.1%
EFSC opened at $57.55 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The company's 50-day moving average is $56.29 and its 200 day moving average is $55.85. Enterprise Financial Services Corporation has a fifty-two week low of $50.09 and a fifty-two week high of $62.30. The firm has a market capitalization of $2.12 billion, a P/E ratio of 10.86 and a beta of 0.79.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.01. The company had revenue of $113.74 million for the quarter, compared to analyst estimates of $174.02 million. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.40%. Research analysts expect that Enterprise Financial Services Corporation will post 5.56 earnings per share for the current fiscal year.
Enterprise Financial Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.34 dividend. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th. Enterprise Financial Services's payout ratio is presently 24.91%.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. DA Davidson lifted their price objective on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods lifted their price objective on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the stock an "outperform" rating in a research report on Friday, April 24th. Weiss Ratings raised shares of Enterprise Financial Services from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. Raymond James Financial assumed coverage on shares of Enterprise Financial Services in a research report on Tuesday. They issued an "outperform" rating and a $65.00 price objective on the stock. Finally, Piper Sandler lifted their price objective on shares of Enterprise Financial Services from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $66.00.
Check Out Our Latest Analysis on EFSC
Hedge Funds Weigh In On Enterprise Financial Services
Large investors have recently modified their holdings of the business. First Horizon Corp purchased a new position in shares of Enterprise Financial Services in the third quarter worth about $26,000. EverSource Wealth Advisors LLC increased its stake in shares of Enterprise Financial Services by 929.0% in the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank's stock worth $35,000 after purchasing an additional 576 shares in the last quarter. Signaturefd LLC increased its stake in shares of Enterprise Financial Services by 65.0% in the fourth quarter. Signaturefd LLC now owns 812 shares of the bank's stock worth $44,000 after purchasing an additional 320 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Enterprise Financial Services in the third quarter worth about $92,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Enterprise Financial Services in the fourth quarter worth about $99,000. Hedge funds and other institutional investors own 72.21% of the company's stock.
Enterprise Financial Services Company Profile
(
Get Free Report)
Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.
In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.
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