Wall Street analysts forecast that Enterprise Financial Services Corp (NASDAQ:EFSC) will post earnings of $1.00 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Enterprise Financial Services’ earnings. The lowest EPS estimate is $0.94 and the highest is $1.05. Enterprise Financial Services posted earnings of $0.86 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.3%. The business is expected to issue its next quarterly earnings report on Monday, October 28th.
According to Zacks, analysts expect that Enterprise Financial Services will report full-year earnings of $3.94 per share for the current year, with EPS estimates ranging from $3.90 to $3.98. For the next financial year, analysts expect that the business will report earnings of $4.24 per share, with EPS estimates ranging from $4.15 to $4.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, July 22nd. The bank reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. Enterprise Financial Services had a net margin of 25.85% and a return on equity of 13.19%. The firm had revenue of $73.68 million for the quarter, compared to the consensus estimate of $72.27 million.
EFSC has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Zacks Investment Research downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $53.33.
Large investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in Enterprise Financial Services by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 264,480 shares of the bank’s stock worth $9,952,000 after buying an additional 23,120 shares during the last quarter. Squarepoint Ops LLC increased its position in Enterprise Financial Services by 20.7% in the fourth quarter. Squarepoint Ops LLC now owns 5,840 shares of the bank’s stock worth $220,000 after buying an additional 1,002 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in Enterprise Financial Services by 364.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,392 shares of the bank’s stock worth $278,000 after buying an additional 5,799 shares during the last quarter. Legal & General Group Plc increased its position in Enterprise Financial Services by 23.9% in the fourth quarter. Legal & General Group Plc now owns 4,481 shares of the bank’s stock worth $169,000 after buying an additional 864 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Enterprise Financial Services by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,047,191 shares of the bank’s stock worth $39,406,000 after buying an additional 19,498 shares during the last quarter. 71.54% of the stock is currently owned by institutional investors.
EFSC traded up $0.50 during trading hours on Tuesday, hitting $39.33. 60,300 shares of the company’s stock were exchanged, compared to its average volume of 103,903. Enterprise Financial Services has a 12-month low of $36.09 and a 12-month high of $58.00. The stock’s 50 day moving average price is $40.64. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 1.11 and a beta of 1.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.95 and a current ratio of 0.95.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.16 dividend. The ex-dividend date is Thursday, September 12th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.63%. Enterprise Financial Services’s dividend payout ratio is currently 16.62%.
Enterprise Financial Services Company Profile
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.
Read More: Golden Cross
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.