Equities research analysts forecast that Enterprise Financial Services Corp (NASDAQ:EFSC) will report earnings per share (EPS) of $0.86 for the current quarter, according to Zacks. Two analysts have provided estimates for Enterprise Financial Services’ earnings. The lowest EPS estimate is $0.81 and the highest is $0.91. Enterprise Financial Services posted earnings of $0.59 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 45.8%. The business is scheduled to announce its next quarterly earnings results on Monday, April 23rd.
On average, analysts expect that Enterprise Financial Services will report full year earnings of $3.54 per share for the current year, with EPS estimates ranging from $3.50 to $3.60. For the next year, analysts expect that the business will report earnings of $3.83 per share, with EPS estimates ranging from $3.75 to $3.90. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. Enterprise Financial Services had a net margin of 20.34% and a return on equity of 11.13%. The company had revenue of $58.52 million for the quarter, compared to analyst estimates of $56.93 million.
A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Enterprise Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research downgraded shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine downgraded shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $54.50 target price on shares of Enterprise Financial Services in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Enterprise Financial Services has a consensus rating of “Buy” and an average target price of $50.83.
In related news, President Scott Richard Goodman sold 1,200 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $47.55, for a total transaction of $57,060.00. Following the transaction, the president now owns 41,875 shares in the company, valued at approximately $1,991,156.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.60% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB acquired a new position in shares of Enterprise Financial Services during the 4th quarter valued at $241,000. Segall Bryant & Hamill LLC raised its holdings in Enterprise Financial Services by 22.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 178,862 shares of the bank’s stock worth $8,076,000 after buying an additional 32,554 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Enterprise Financial Services during the fourth quarter worth $487,000. Clark Capital Management Group Inc. raised its holdings in Enterprise Financial Services by 10.1% during the fourth quarter. Clark Capital Management Group Inc. now owns 46,872 shares of the bank’s stock worth $2,116,000 after buying an additional 4,307 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Enterprise Financial Services by 14.8% during the fourth quarter. Millennium Management LLC now owns 293,598 shares of the bank’s stock worth $13,256,000 after buying an additional 37,929 shares during the last quarter. Institutional investors own 72.95% of the company’s stock.
EFSC stock remained flat at $$49.20 during trading hours on Friday. 19,128 shares of the company’s stock traded hands, compared to its average volume of 121,567. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.02 and a current ratio of 1.02. Enterprise Financial Services has a 12-month low of $36.65 and a 12-month high of $49.97. The company has a market capitalization of $1,139.85, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 1.55 and a beta of 0.93.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.89%. Enterprise Financial Services’s payout ratio is presently 21.26%.
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About Enterprise Financial Services
Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, 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.
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