$0.86 Earnings Per Share Expected for Enterprise Financial Services Corp (EFSC) This Quarter

Wall Street brokerages expect Enterprise Financial Services Corp (NASDAQ:EFSC) to post earnings per share (EPS) of $0.86 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Enterprise Financial Services’ earnings. The lowest EPS estimate is $0.81 and the highest is $0.91. Enterprise Financial Services posted earnings per share of $0.59 in the same quarter last year, which indicates a positive year over year growth rate of 45.8%. The business is expected to report its next earnings results on Monday, April 23rd.

According to Zacks, analysts expect that Enterprise Financial Services will report full-year earnings of $3.54 per share for the current year, with EPS estimates ranging from $3.50 to $3.60. For the next financial year, analysts expect that the company will report earnings of $3.83 per share, with EPS estimates ranging from $3.75 to $3.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Enterprise Financial Services.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The firm had revenue of $58.52 million for the quarter, compared to the consensus estimate of $56.93 million. Enterprise Financial Services had a net margin of 20.34% and a return on equity of 11.15%.

EFSC has been the topic of a number of recent analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $54.50 price target on shares of Enterprise Financial Services in a report on Tuesday, January 9th. ValuEngine downgraded shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Zacks Investment Research raised shares of Enterprise Financial Services from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a report on Monday, January 1st. Finally, BidaskClub raised shares of Enterprise Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $50.83.

Shares of Enterprise Financial Services (EFSC) traded up $0.60 during midday trading on Monday, hitting $47.05. 182,100 shares of the stock were exchanged, compared to its average volume of 142,972. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $1,086.34, a P/E ratio of 22.73, a PEG ratio of 1.48 and a beta of 0.92. Enterprise Financial Services has a 12-month low of $36.65 and a 12-month high of $49.67.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Wednesday, March 14th. Enterprise Financial Services’s payout ratio is 21.26%.

In other Enterprise Financial Services news, insider Douglas Bauche sold 960 shares of Enterprise Financial Services stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $44.10, for a total transaction of $42,336.00. Following the transaction, the insider now owns 679 shares of the company’s stock, valued at $29,943.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Scott Richard Goodman sold 3,700 shares of Enterprise Financial Services stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $45.85, for a total transaction of $169,645.00. Following the transaction, the president now directly owns 38,269 shares in the company, valued at approximately $1,754,633.65. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in Enterprise Financial Services by 6.9% during the second quarter. Stifel Financial Corp now owns 8,562 shares of the bank’s stock valued at $350,000 after purchasing an additional 549 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Enterprise Financial Services by 9.1% during the second quarter. Voya Investment Management LLC now owns 12,217 shares of the bank’s stock valued at $498,000 after purchasing an additional 1,018 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Enterprise Financial Services by 1.6% during the second quarter. California Public Employees Retirement System now owns 69,500 shares of the bank’s stock valued at $2,836,000 after purchasing an additional 1,100 shares in the last quarter. Cortina Asset Management LLC lifted its holdings in Enterprise Financial Services by 0.9% during the third quarter. Cortina Asset Management LLC now owns 174,138 shares of the bank’s stock valued at $7,375,000 after purchasing an additional 1,529 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Enterprise Financial Services by 12.8% during the second quarter. The Manufacturers Life Insurance Company now owns 16,501 shares of the bank’s stock valued at $674,000 after purchasing an additional 1,878 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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Enterprise Financial Services Company Profile

Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.

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