Wall Street analysts predict that Enterprise Financial Services Corp (NASDAQ:EFSC) will report earnings of $0.89 per share for the current quarter, according to Zacks. Three analysts have made estimates for Enterprise Financial Services’ earnings. The highest EPS estimate is $0.91 and the lowest is $0.86. Enterprise Financial Services posted earnings per share of $0.69 in the same quarter last year, which indicates a positive year-over-year growth rate of 29%. The company is scheduled to issue its next quarterly earnings report on Monday, October 22nd.
On average, analysts expect that Enterprise Financial Services will report full-year earnings of $3.73 per share for the current fiscal year, with EPS estimates ranging from $3.69 to $3.75. For the next fiscal year, analysts expect that the company will report earnings of $3.92 per share, with EPS estimates ranging from $3.85 to $4.00. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last released 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 business had revenue of $56.74 million for the quarter, compared to the consensus estimate of $56.20 million. Enterprise Financial Services had a return on equity of 13.30% and a net margin of 25.87%.
EFSC has been the topic of several analyst reports. BidaskClub downgraded Enterprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 29th. Zacks Investment Research raised Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, July 27th. Finally, DA Davidson boosted their target price on Enterprise Financial Services to $60.00 and gave the company an “in-line” rating in a research report on Wednesday, July 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Enterprise Financial Services currently has a consensus rating of “Buy” and a consensus price target of $56.38.
Shares of NASDAQ EFSC traded down $0.35 during trading hours on Thursday, hitting $55.95. 42,100 shares of the company traded hands, compared to its average volume of 108,476. The company has a market cap of $1.30 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.75 and a beta of 0.76. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.04 and a current ratio of 1.04. Enterprise Financial Services has a 12 month low of $36.65 and a 12 month high of $58.15.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.86%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.11. Enterprise Financial Services’s payout ratio is currently 17.05%.
In other news, President Scott Richard Goodman sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $54.23, for a total transaction of $65,076.00. Following 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 filing with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in EFSC. Vaughan Nelson Investment Management L.P. bought a new position in Enterprise Financial Services in the 2nd quarter valued at $50,905,000. Earnest Partners LLC grew its position in Enterprise Financial Services by 90.9% in the 1st quarter. Earnest Partners LLC now owns 771,522 shares of the bank’s stock valued at $36,184,000 after acquiring an additional 367,285 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. bought a new position in Enterprise Financial Services in the 1st quarter valued at $10,238,000. BlackRock Inc. grew its position in Enterprise Financial Services by 13.5% in the 2nd quarter. BlackRock Inc. now owns 1,589,318 shares of the bank’s stock valued at $85,743,000 after acquiring an additional 188,889 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in Enterprise Financial Services by 56.4% in the 1st quarter. New York State Common Retirement Fund now owns 226,453 shares of the bank’s stock valued at $10,621,000 after acquiring an additional 81,624 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.
About Enterprise Financial Services
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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