Enterprise Financial Services (NASDAQ:EFSC) is scheduled to post its quarterly earnings results after the market closes on Monday, October 22nd. Analysts expect Enterprise Financial Services to post earnings of $0.89 per share for the quarter.
Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, July 23rd. The bank reported $0.86 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.86. Enterprise Financial Services had a net margin of 25.87% and a return on equity of 13.30%. The company had revenue of $56.74 million for the quarter, compared to analyst estimates of $56.20 million. On average, analysts expect Enterprise Financial Services to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of EFSC stock opened at $49.34 on Monday. Enterprise Financial Services has a 52-week low of $41.45 and a 52-week high of $58.15. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 1.65 and a beta of 0.78.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.97%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, September 13th. Enterprise Financial Services’s dividend payout ratio is presently 18.60%.
In other Enterprise Financial Services news, insider Douglas Bauche sold 750 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $56.20, for a total value of $42,150.00. Following the completion of the sale, the insider now directly owns 2,761 shares of the company’s stock, valued at approximately $155,168.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.60% of the company’s stock.
A number of brokerages have issued reports on EFSC. BidaskClub raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, September 22nd. ValuEngine downgraded shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Zacks Investment Research downgraded shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, DA Davidson upped their price objective on shares of Enterprise Financial Services to $60.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 25th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $59.83.
Enterprise Financial Services Company Profile
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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