Wall Street brokerages forecast that Enterprise Financial Services Corp (NASDAQ:EFSC) will report earnings per share of $1.17 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Enterprise Financial Services’ earnings. The highest EPS estimate is $1.18 and the lowest is $1.16. Enterprise Financial Services posted earnings per share of $1.00 in the same quarter last year, which would indicate a positive year over year growth rate of 17%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, January 24th.
According to Zacks, analysts expect that Enterprise Financial Services will report full-year earnings of $4.75 per share for the current financial year, with EPS estimates ranging from $4.72 to $4.78. For the next financial year, analysts forecast that the business will post earnings of $4.24 per share, with EPS estimates ranging from $4.20 to $4.35. Zacks’ EPS calculations are an average based on a survey of research firms that follow Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Sunday, October 24th. The bank reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.41). The firm had revenue of $114.89 million during the quarter, compared to the consensus estimate of $112.79 million. Enterprise Financial Services had a return on equity of 12.15% and a net margin of 26.26%. During the same period in the previous year, the business earned $0.68 EPS.
Several analysts have issued reports on the stock. Raymond James raised their price objective on shares of Enterprise Financial Services from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 27th. Zacks Investment Research lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday.
Shares of NASDAQ EFSC opened at $49.70 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.96 and a quick ratio of 0.95. The company has a market cap of $1.91 billion, a P/E ratio of 13.92 and a beta of 1.32. Enterprise Financial Services has a 1 year low of $34.71 and a 1 year high of $52.00. The firm has a 50-day simple moving average of $47.96 and a two-hundred day simple moving average of $46.42.
The business also recently announced a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Wednesday, December 15th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, December 14th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.61%. Enterprise Financial Services’s dividend payout ratio (DPR) is 22.41%.
In other Enterprise Financial Services news, Director Peter Hui sold 4,000 shares of Enterprise Financial Services stock in a transaction on Monday, December 13th. The shares were sold at an average price of $47.55, for a total value of $190,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO S Turner Keene acquired 2,000 shares of the stock in a transaction dated Tuesday, November 9th. The shares were bought at an average price of $25.00 per share, with a total value of $50,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 9,900 shares of company stock worth $424,425 and have sold 171,000 shares worth $8,253,160. Company insiders own 8.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC increased its stake in shares of Enterprise Financial Services by 3.8% during the second quarter. Nuveen Asset Management LLC now owns 293,144 shares of the bank’s stock worth $13,599,000 after purchasing an additional 10,662 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Enterprise Financial Services by 15.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,862 shares of the bank’s stock valued at $1,061,000 after acquiring an additional 2,989 shares in the last quarter. ProShare Advisors LLC grew its stake in Enterprise Financial Services by 16.3% during the 2nd quarter. ProShare Advisors LLC now owns 7,501 shares of the bank’s stock valued at $348,000 after acquiring an additional 1,052 shares in the last quarter. Western Financial Corporation grew its stake in Enterprise Financial Services by 4.5% during the 3rd quarter. Western Financial Corporation now owns 805,593 shares of the bank’s stock valued at $36,477,000 after acquiring an additional 34,840 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Enterprise Financial Services by 69.0% during the 2nd quarter. Principal Financial Group Inc. now owns 31,946 shares of the bank’s stock valued at $1,482,000 after acquiring an additional 13,040 shares in the last quarter. 66.60% of the stock is owned by institutional investors.
About Enterprise Financial Services
Enterprise Financial Services Corp. operates as a financial holding company. The firm engages in the provision of business and personal banking services and wealth management services. It also offers lending services which include commercial and industrial commercial real estate, real estate construction and development, residential real estate and consumer loans.
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