Equities analysts expect Enterprise Financial Services Corp (NASDAQ:EFSC) to report sales of $57.95 million for the current quarter, Zacks reports. Three analysts have issued estimates for Enterprise Financial Services’ earnings, with the lowest sales estimate coming in at $57.50 million and the highest estimate coming in at $58.40 million. Enterprise Financial Services reported sales of $54.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The business is expected to announce its next quarterly earnings report on Monday, October 22nd.
According to Zacks, analysts expect that Enterprise Financial Services will report full-year sales of $230.71 million for the current fiscal year, with estimates ranging from $229.80 million to $231.30 million. For the next year, analysts forecast that the business will report sales of $247.03 million per share, with estimates ranging from $245.80 million to $247.79 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, July 23rd. The bank reported $0.86 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.86. The business had revenue of $56.74 million for the quarter, compared to analysts’ expectations of $56.20 million. Enterprise Financial Services had a return on equity of 13.30% and a net margin of 25.87%.
Several brokerages have recently issued reports on EFSC. BidaskClub cut Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, September 1st. Zacks Investment Research upgraded Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Friday, July 27th. Finally, DA Davidson increased their price target on Enterprise Financial Services to $60.00 and gave the company an “in-line” rating in a report on Wednesday, July 25th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $56.38.
Shares of EFSC opened at $56.00 on Friday. The company has a market cap of $1.30 billion, a PE ratio of 21.71, a PEG ratio of 1.75 and a beta of 0.76. Enterprise Financial Services has a 1 year low of $36.65 and a 1 year high of $58.15. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.04 and a current ratio of 1.04.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, September 13th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.11. Enterprise Financial Services’s dividend payout ratio is presently 17.05%.
In related news, insider Douglas Bauche sold 750 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $56.20, for a total transaction of $42,150.00. Following the sale, the insider now owns 2,761 shares in the company, valued at approximately $155,168.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Scott Richard Goodman sold 1,200 shares of the stock in a transaction on Monday, July 16th. The shares were sold at an average price of $54.23, for a total value of $65,076.00. Following the sale, the president now owns 41,713 shares in the company, valued at approximately $2,262,095.99. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in EFSC. Parkside Financial Bank & Trust grew its position in Enterprise Financial Services by 6.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 16,173 shares of the bank’s stock valued at $873,000 after acquiring an additional 1,000 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Enterprise Financial Services by 1.4% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 74,411 shares of the bank’s stock valued at $4,014,000 after acquiring an additional 1,000 shares during the last quarter. John W. Rosenthal Capital Management Inc. grew its position in Enterprise Financial Services by 1.8% in the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 60,000 shares of the bank’s stock valued at $3,237,000 after acquiring an additional 1,075 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Enterprise Financial Services by 13.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 9,537 shares of the bank’s stock valued at $515,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Sei Investments Co. grew its position in Enterprise Financial Services by 3.2% in the 2nd quarter. Sei Investments Co. now owns 38,921 shares of the bank’s stock valued at $2,100,000 after acquiring an additional 1,214 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.
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.
See Also: Should You Consider an Index Fund?
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.