Analysts expect Enterprise Financial Services Corp (NASDAQ:EFSC) to post $0.93 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Enterprise Financial Services’ earnings, with estimates ranging from $0.91 to $0.95. Enterprise Financial Services posted earnings of $0.86 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.1%. The firm is expected to announce its next earnings results after the market closes on Monday, July 22nd.
On average, analysts expect that Enterprise Financial Services will report full year earnings of $3.90 per share for the current fiscal year, with EPS estimates ranging from $3.85 to $3.94. For the next fiscal year, analysts forecast that the firm will report earnings of $4.27 per share, with EPS estimates ranging from $4.25 to $4.30. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, April 22nd. The bank reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.01). Enterprise Financial Services had a return on equity of 13.50% and a net margin of 29.29%. The company had revenue of $61.57 million for the quarter, compared to analyst estimates of $61.48 million.
Several equities analysts have recently commented on the company. Zacks Investment Research raised FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price for the company in a report on Tuesday, June 25th. BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $55.00.
Enterprise Financial Services stock traded up $0.20 during midday trading on Friday, hitting $39.90. The stock had a trading volume of 52,173 shares, compared to its average volume of 121,733. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $1.07 billion, a PE ratio of 11.05, a P/E/G ratio of 1.12 and a beta of 1.14. Enterprise Financial Services has a 12 month low of $36.09 and a 12 month high of $58.15. The business’s fifty day moving average is $40.62.
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.15 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, June 13th. Enterprise Financial Services’s dividend payout ratio is 16.62%.
A number of hedge funds have recently made changes to their positions in EFSC. Patriot Financial Partners GP LP acquired a new stake in shares of Enterprise Financial Services during the first quarter worth $40,623,000. Enterprise Financial Services Corp boosted its holdings in shares of Enterprise Financial Services by 58.1% during the 1st quarter. Enterprise Financial Services Corp now owns 563,235 shares of the bank’s stock worth $22,963,000 after buying an additional 207,078 shares during the period. Peregrine Capital Management LLC bought a new stake in Enterprise Financial Services in the 2nd quarter valued at about $8,216,000. Deprince Race & Zollo Inc. boosted its holdings in Enterprise Financial Services by 250.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 209,375 shares of the bank’s stock valued at $7,879,000 after purchasing an additional 149,586 shares during the period. Finally, BlackRock Inc. boosted its holdings in Enterprise Financial Services by 4.0% in the 4th quarter. BlackRock Inc. now owns 1,754,043 shares of the bank’s stock valued at $66,005,000 after purchasing an additional 67,316 shares during the period. 70.91% of the stock is currently owned by hedge funds and other institutional investors.
About Enterprise Financial Services
Enterprise Financial Services Corp operates as the financial 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.
Featured Article: Asset Allocation and Your Retirement
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Enterprise Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.