Equities analysts expect Enterprise Financial Services Corp (NASDAQ:EFSC) to post earnings of $1.09 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Enterprise Financial Services’ earnings, with the highest EPS estimate coming in at $1.13 and the lowest estimate coming in at $1.06. Enterprise Financial Services posted earnings per share of $1.06 in the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 20th.
On average, analysts expect that Enterprise Financial Services will report full-year earnings of $4.04 per share for the current financial year, with EPS estimates ranging from $4.02 to $4.05. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.15 per share, with EPS estimates ranging from $3.96 to $4.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, October 21st. The bank reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. The business had revenue of $76.61 million for the quarter, compared to the consensus estimate of $73.87 million. Enterprise Financial Services had a return on equity of 13.30% and a net margin of 25.84%.
Several equities research analysts have commented on EFSC shares. Raymond James started coverage on shares of Enterprise Financial Services in a research note on Thursday, September 19th. They issued an “outperform” rating and a $48.00 price objective for the company. BidaskClub raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. ValuEngine raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.
Shares of NASDAQ:EFSC traded up $0.04 during mid-day trading on Tuesday, hitting $45.66. 42,700 shares of the company traded hands, compared to its average volume of 103,389. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $1.22 billion, a P/E ratio of 12.65 and a beta of 1.15. Enterprise Financial Services has a 52-week low of $36.09 and a 52-week high of $47.03. The firm’s 50 day simple moving average is $42.08 and its 200 day simple moving average is $41.12.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.17 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Friday, December 13th. Enterprise Financial Services’s dividend payout ratio is currently 17.73%.
Several institutional investors have recently added to or reduced their stakes in EFSC. Advisor Group Inc. grew its position in Enterprise Financial Services by 112.4% during the second quarter. Advisor Group Inc. now owns 1,512 shares of the bank’s stock valued at $62,000 after buying an additional 800 shares during the period. Aperio Group LLC bought a new position in shares of Enterprise Financial Services in the second quarter worth approximately $158,000. Voloridge Investment Management LLC bought a new position in shares of Enterprise Financial Services in the second quarter worth approximately $220,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Enterprise Financial Services in the third quarter worth approximately $217,000. Finally, Connable Office Inc. bought a new position in shares of Enterprise Financial Services in the second quarter worth approximately $259,000. 72.71% of the stock is owned by hedge funds and other institutional investors.
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.
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