
EFSC Stock Forecast & Price Target
EFSC Analyst Ratings
Bulls say
Enterprise Financial Services Corporation demonstrated a robust financial performance in the recent quarter, with a 15% quarter-over-quarter increase in PPNR to $77.2 million, surpassing estimates due to strong fee income and better-than-expected expenses. The company also reported substantial loan and deposit growth of 10% and 9% respectively, leading to an increase in end-of-period loans by 5% on a last quarter annualized basis, with notable contributions from commercial and industrial lending, life insurance premium financing, and construction loans. Additionally, a growth in tangible book value per share by 11%, alongside an improvement in the tangible common equity ratio to 9.0%, highlights the overall financial strength and strategic expansion of Enterprise Financial Services, positioning the company favorably for future growth opportunities.
Bears say
The financial outlook for Enterprise Financial Services Corporation appears to be negatively impacted by several key metrics. Spread income decreased to $139.8 million, falling short of expectations primarily due to a compression in net interest margin (NIM), which dipped 10 basis points to 4.13%. Additionally, noninterest income declined significantly, resulting mainly from negative fair value marks on tax credit projects, while projected loan growth has been downgraded to a mid-single-digit pace amid a challenging banking sector backdrop influenced by rising interest rates.
This aggregate rating is based on analysts' research of Enterprise Financial Services and is not a guaranteed prediction by Public.com or investment advice.
EFSC Analyst Forecast & Price Prediction
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