Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) posted its quarterly earnings results on Monday. The bank reported $1.32 EPS for the quarter, topping the consensus estimate of $1.18 by $0.14, Zacks reports. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%.
Enterprise Financial Services Price Performance
EFSC stock traded up $1.13 during trading on Monday, hitting $57.56. 154,696 shares of the stock traded hands, compared to its average volume of 145,149. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 12.19 and a beta of 1.00. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services has a one year low of $37.28 and a one year high of $63.13. The company has a 50 day simple moving average of $57.86 and a 200 day simple moving average of $53.74.
Wall Street Analyst Weigh In
EFSC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on Enterprise Financial Services from $59.00 to $68.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Piper Sandler raised their target price on Enterprise Financial Services from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd.
Check Out Our Latest Research Report on EFSC
Insider Buying and Selling
In other news, Director Richard Sanborn sold 100,000 shares of Enterprise Financial Services stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total value of $5,956,000.00. Following the completion of the sale, the director now directly owns 40,950 shares of the company's stock, valued at approximately $2,438,982. This trade represents a 70.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by corporate insiders.
About Enterprise Financial Services
(
Get Free Report)
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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