Revenue Update on Enterprise Financial Services Corp(NASDAQ:EFSC)

Enterprise Financial Services Corp(NASDAQ:EFSC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $40.83M. Analysts estimated a revenue of $38.68M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.53.

In a different note, Piper Jaffray said it Initiates Coverage on Enterprise Financial Services Corp, according to a research note issued on Jul 11, 2016. The shares have been rated ‘Overweight’ by the firm.

Enterprise Financial Services Corp (EFSC) made into the market gainers list on Thursdays trading session with the shares advancing 0.88% or 0.26 points. Due to strong positive momentum, the stock ended at $29.74, which is also near the day’s high of $29.88. The stock began the session at $29.63 and the volume stood at 1,43,938 shares. The 52-week high of the shares is $30.73 and the 52 week low is $23.25. The company has a current market capitalization of $595 M and it has 2,00,18,101 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 11, 2016, James Murphy (director) sold 20,000 shares at $26.48 per share price.Also, On May 16, 2016, Scott Richard Goodman (President) sold 2,222 shares at $26.90 per share price.On Apr 11, 2016, Stephen P Marsh (Chairman Chief Credit Officer) sold 14,900 shares at $25.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Enterprise Financial Services Corp (Enterprise) is the bank holding company for Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis Kansas City and Phoenix metropolitan markets. The Company offers a range of business and personal banking services. Enterprise provides various lending services such as commercial and industrial loans commercial real estate loans real estate construction and development loans residential real estate loans and consumer loans deposit products and a range of treasury management and international trade services. Enterprise also provides trust services and Federal and Missouri State tax credit brokerage activities. Enterprise Trust a division of the Bank provides financial planning estate planning investment management and trust services to businesses individuals institutions retirement plans and non-profit organizations.

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