Equities analysts expect that Enterprise Financial Services Corp (NASDAQ:EFSC) will announce sales of $55.42 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Enterprise Financial Services’ earnings, with the lowest sales estimate coming in at $54.00 million and the highest estimate coming in at $56.83 million. Enterprise Financial Services posted sales of $45.62 million during the same quarter last year, which would indicate a positive year over year growth rate of 21.5%. The business is scheduled to issue its next earnings report on Monday, April 23rd.
According to Zacks, analysts expect that Enterprise Financial Services will report full-year sales of $55.42 million for the current fiscal year, with estimates ranging from $228.20 million to $230.11 million. For the next financial year, analysts forecast that the firm will post sales of $243.53 million per share, with estimates ranging from $242.70 million to $244.35 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, January 22nd. The bank reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.01. The company had revenue of $58.52 million during the quarter, compared to the consensus estimate of $56.93 million. Enterprise Financial Services had a return on equity of 11.15% and a net margin of 20.34%.
Several analysts have recently commented on EFSC shares. Zacks Investment Research upgraded Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Thursday, October 26th. Piper Jaffray Companies restated a “buy” rating and issued a $54.50 target price on shares of Enterprise Financial Services in a research note on Tuesday, January 9th. ValuEngine downgraded Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Finally, BidaskClub upgraded Enterprise Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $50.83.
In other Enterprise Financial Services news, insider Douglas Bauche sold 960 shares of Enterprise Financial Services stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $44.10, for a total transaction of $42,336.00. Following the completion of the transaction, the insider now owns 679 shares in the company, valued at approximately $29,943.90. The transaction was disclosed in a document filed 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 dated Thursday, November 30th. The shares were sold at an average price of $45.85, for a total value of $169,645.00. Following the transaction, the president now owns 38,269 shares of the company’s stock, valued at approximately $1,754,633.65. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can lifted its position in shares of Enterprise Financial Services by 281.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,431 shares of the bank’s stock worth $145,000 after buying an additional 2,531 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Enterprise Financial Services during the 4th quarter worth approximately $193,000. BNP Paribas Arbitrage SA lifted its position in shares of Enterprise Financial Services by 89.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,385 shares of the bank’s stock worth $186,000 after buying an additional 2,075 shares in the last quarter. Moloney Securities Asset Management LLC bought a new position in shares of Enterprise Financial Services during the 3rd quarter worth approximately $203,000. Finally, Paloma Partners Management Co bought a new position in shares of Enterprise Financial Services during the 4th quarter worth approximately $239,000. 71.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Enterprise Financial Services (NASDAQ EFSC) traded up $0.30 on Wednesday, hitting $48.10. The stock had a trading volume of 59,500 shares, compared to its average volume of 137,309. 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 firm has a market cap of $1,110.58, a P/E ratio of 23.24, a PEG ratio of 1.51 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.91%. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 21.26%.
About Enterprise Financial Services
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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