Wall Street brokerages expect that Enterprise Financial Services Corp (NASDAQ:EFSC) will report $0.93 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Enterprise Financial Services’ earnings, with estimates ranging from $0.91 to $0.95. Enterprise Financial Services posted earnings of $0.86 per share in the same quarter last year, which would indicate a positive year over year growth rate of 8.1%. The business is scheduled to announce its next earnings results after the market closes on Monday, July 22nd.
According to Zacks, analysts expect that Enterprise Financial Services will report full year earnings of $3.90 per share for the current year, with EPS estimates ranging from $3.85 to $3.94. For the next financial year, analysts expect that the firm will post earnings of $4.27 per share, with EPS estimates ranging from $4.25 to $4.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.01). The firm had revenue of $61.57 million for the quarter, compared to the consensus estimate of $61.48 million. Enterprise Financial Services had a return on equity of 13.50% and a net margin of 29.29%.
EFSC stock traded up $0.35 during trading hours on Friday, hitting $40.05. 1,832 shares of the stock were exchanged, compared to its average volume of 123,241. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 1.11 and a beta of 1.14. The firm has a 50-day moving average price of $40.63. Enterprise Financial Services has a 12 month low of $36.09 and a 12 month high of $58.15.
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.15 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.50%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.14. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 16.62%.
Several hedge funds and other institutional investors have recently modified their holdings of EFSC. BlackRock Inc. grew its position in Enterprise Financial Services by 4.0% in the fourth quarter. BlackRock Inc. now owns 1,754,043 shares of the bank’s stock valued at $66,005,000 after acquiring an additional 67,316 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Enterprise Financial Services by 6.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,058,150 shares of the bank’s stock worth $43,141,000 after acquiring an additional 66,825 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Enterprise Financial Services by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,047,191 shares of the bank’s stock worth $39,406,000 after acquiring an additional 19,498 shares during the period. Patriot Financial Partners GP LP acquired a new position in shares of Enterprise Financial Services in the first quarter worth approximately $40,623,000. Finally, Enterprise Financial Services Corp lifted its stake in shares of Enterprise Financial Services by 58.1% in the first quarter. Enterprise Financial Services Corp now owns 563,235 shares of the bank’s stock worth $22,963,000 after acquiring an additional 207,078 shares during the period. Institutional investors own 70.91% of the company’s stock.
Enterprise Financial Services Company Profile
Enterprise Financial Services Corp operates as the financial 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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