Brokerages expect Enterprise Financial Services Corp (NASDAQ:EFSC) to report sales of $57.95 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Enterprise Financial Services’ earnings. The highest sales estimate is $58.40 million and the lowest is $57.50 million. Enterprise Financial Services reported sales of $54.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.3%. The business is expected to report its next quarterly earnings report on Monday, October 22nd.
On average, analysts expect that Enterprise Financial Services will report full-year sales of $230.71 million for the current fiscal year, with estimates ranging from $229.80 million to $231.30 million. For the next year, analysts anticipate that the company will report sales of $247.03 million per share, with estimates ranging from $245.80 million to $247.79 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, July 23rd. The bank reported $0.86 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.86. The firm had revenue of $56.74 million during the quarter, compared to analysts’ expectations of $56.20 million. Enterprise Financial Services had a net margin of 25.87% and a return on equity of 13.30%.
A number of brokerages recently issued reports on EFSC. BidaskClub cut shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, July 27th. DA Davidson upped their price objective on shares of Enterprise Financial Services to $60.00 and gave the stock an “in-line” rating in a report on Wednesday, July 25th. Finally, ValuEngine upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating in a report on Tuesday, April 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $56.38.
NASDAQ:EFSC traded down $0.10 during trading hours on Friday, reaching $56.35. The company’s stock had a trading volume of 52,091 shares, compared to its average volume of 100,359. The stock has a market capitalization of $1.31 billion, a PE ratio of 17.86, a P/E/G ratio of 1.75 and a beta of 0.87. Enterprise Financial Services has a one year low of $36.65 and a one year high of $58.15. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.13.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.12 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, September 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.85%. Enterprise Financial Services’s payout ratio is currently 17.05%.
In other Enterprise Financial Services news, President Scott Richard Goodman sold 1,200 shares of the business’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $54.23, for a total transaction of $65,076.00. Following the completion of the transaction, the president now owns 41,713 shares of the company’s stock, valued at approximately $2,262,095.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in EFSC. Vaughan Nelson Investment Management L.P. acquired a new position in Enterprise Financial Services during the 2nd quarter worth $50,905,000. Earnest Partners LLC lifted its position in Enterprise Financial Services by 90.9% during the 1st quarter. Earnest Partners LLC now owns 771,522 shares of the bank’s stock worth $36,184,000 after acquiring an additional 367,285 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. acquired a new position in Enterprise Financial Services during the 1st quarter worth $10,238,000. BlackRock Inc. lifted its position in Enterprise Financial Services by 13.5% during the 2nd quarter. BlackRock Inc. now owns 1,589,318 shares of the bank’s stock worth $85,743,000 after acquiring an additional 188,889 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in Enterprise Financial Services by 56.4% during the 1st quarter. New York State Common Retirement Fund now owns 226,453 shares of the bank’s stock worth $10,621,000 after acquiring an additional 81,624 shares during the last quarter. 78.75% of the stock is owned by hedge funds and other institutional investors.
Enterprise Financial Services Company Profile
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. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.
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