Brokerages expect Enterprise Financial Services Corp (NASDAQ:EFSC) to post $121.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Enterprise Financial Services’ earnings, with the highest sales estimate coming in at $122.00 million and the lowest estimate coming in at $121.40 million. Enterprise Financial Services posted sales of $95.95 million during the same quarter last year, which suggests a positive year-over-year growth rate of 26.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company is scheduled to announce its next earnings report after the market closes on Monday, January 24th.
According to Zacks, analysts expect that Enterprise Financial Services will report full year sales of $425.29 million for the current financial year, with estimates ranging from $423.80 million to $428.00 million. For the next financial year, analysts expect that the business will report sales of $476.30 million, with estimates ranging from $475.50 million to $477.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Sunday, October 24th. The bank reported $0.38 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.41). The firm had revenue of $114.89 million for the quarter, compared to the consensus estimate of $112.79 million. Enterprise Financial Services had a net margin of 26.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 12.15{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same quarter in the previous year, the company posted $0.68 earnings per share.
Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, January 11th. Raymond James boosted their price objective on shares of Enterprise Financial Services from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, October 27th.
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Shares of NASDAQ:EFSC opened at $49.97 on Friday. The firm’s 50-day moving average is $47.97 and its 200 day moving average is $46.44. Enterprise Financial Services has a 12 month low of $34.71 and a 12 month high of $52.00. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 14.00 and a beta of 1.32. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.33.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Wednesday, December 15th were issued a dividend of $0.20 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend was Tuesday, December 14th. Enterprise Financial Services’s dividend payout ratio is presently 22.41{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.
In other Enterprise Financial Services news, Director Peter Hui sold 4,000 shares of the stock in a transaction that occurred on Monday, December 13th. The shares were sold at an average price of $47.55, for a total value of $190,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tony Scavuzzo sold 140,000 shares of the stock in a transaction that occurred on Wednesday, November 24th. The shares were sold at an average price of $48.32, for a total transaction of $6,764,800.00. The disclosure for this sale can be found here. In the last three months, insiders have purchased 9,900 shares of company stock valued at $424,425 and have sold 171,000 shares valued at $8,253,160. 8.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen Asset Management LLC lifted its stake in Enterprise Financial Services by 3.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Nuveen Asset Management LLC now owns 293,144 shares of the bank’s stock valued at $13,599,000 after buying an additional 10,662 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Enterprise Financial Services by 15.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Envestnet Asset Management Inc. now owns 22,862 shares of the bank’s stock valued at $1,061,000 after buying an additional 2,989 shares during the last quarter. ProShare Advisors LLC lifted its stake in Enterprise Financial Services by 16.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. ProShare Advisors LLC now owns 7,501 shares of the bank’s stock valued at $348,000 after buying an additional 1,052 shares during the last quarter. Western Financial Corporation lifted its stake in Enterprise Financial Services by 4.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Western Financial Corporation now owns 805,593 shares of the bank’s stock valued at $36,477,000 after buying an additional 34,840 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Enterprise Financial Services by 69.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Principal Financial Group Inc. now owns 31,946 shares of the bank’s stock valued at $1,482,000 after buying an additional 13,040 shares during the last quarter. Hedge funds and other institutional investors own 66.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.
Enterprise Financial Services Company Profile
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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