Q1 2018 Earnings Estimate for Enterprise Financial Services Corporation (EFSC) Issued By FIG Partners

Enterprise Financial Services Corporation (NASDAQ:EFSC) – Equities researchers at FIG Partners decreased their Q1 2018 earnings estimates for Enterprise Financial Services Corporation in a research report issued to clients and investors on Wednesday. FIG Partners analyst B. Martin now forecasts that the bank will post earnings of $0.68 per share for the quarter, down from their prior forecast of $0.71. FIG Partners also issued estimates for Enterprise Financial Services Corporation’s Q3 2018 earnings at $0.76 EPS and Q4 2018 earnings at $0.83 EPS.

Several other research firms have also recently commented on EFSC. Zacks Investment Research upgraded Enterprise Financial Services Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Thursday, October 26th. Piper Jaffray Companies restated an “overweight” rating and set a $49.00 price target on shares of Enterprise Financial Services Corporation in a research note on Friday, October 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $46.00 price target on shares of Enterprise Financial Services Corporation in a research note on Tuesday, October 3rd. Finally, BidaskClub cut Enterprise Financial Services Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th.

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Shares of Enterprise Financial Services Corporation (NASDAQ EFSC) traded up 0.81% during trading on Monday, reaching $43.80. 13,713 shares of the company traded hands. The stock’s 50 day moving average is $41.98 and its 200 day moving average is $40.90. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 19.06 and a beta of 0.86. Enterprise Financial Services Corporation has a 1-year low of $32.25 and a 1-year high of $46.25.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.01. Enterprise Financial Services Corporation had a net margin of 24.73% and a return on equity of 11.47%. The company had revenue of $54.00 million for the quarter, compared to the consensus estimate of $54.11 million.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Thursday, December 14th. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is presently 18.18%.

In related news, Director Michael Holmes purchased 2,556 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average price of $38.74 per share, for a total transaction of $99,019.44. Following the completion of the purchase, the director now directly owns 2,716 shares of the company’s stock, valued at $105,217.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Douglas Bauche sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $38.11, for a total value of $45,732.00. Following the sale, the insider now owns 1,639 shares of the company’s stock, valued at approximately $62,462.29. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. grew its holdings in Enterprise Financial Services Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 10,945 shares of the bank’s stock worth $447,000 after acquiring an additional 28 shares during the period. Legal & General Group Plc grew its holdings in Enterprise Financial Services Corporation by 4.5% during the first quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock worth $215,000 after acquiring an additional 219 shares during the period. Systematic Financial Management LP grew its holdings in Enterprise Financial Services Corporation by 0.9% during the second quarter. Systematic Financial Management LP now owns 41,535 shares of the bank’s stock worth $1,695,000 after acquiring an additional 390 shares during the period. Stifel Financial Corp grew its holdings in Enterprise Financial Services Corporation by 6.9% during the second quarter. Stifel Financial Corp now owns 8,562 shares of the bank’s stock worth $350,000 after acquiring an additional 549 shares during the period. Finally, American International Group Inc. grew its holdings in Enterprise Financial Services Corporation by 7.1% during the first quarter. American International Group Inc. now owns 11,817 shares of the bank’s stock worth $501,000 after acquiring an additional 780 shares during the period. 72.38% of the stock is currently owned by hedge funds and other institutional investors.

About Enterprise Financial Services Corporation

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.

Earnings History and Estimates for Enterprise Financial Services Corporation (NASDAQ:EFSC)

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