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March 3, 2023

Do Analysts Expect SVB Financial Group (SIVB) Stock to Rise After It Is Down -9.07{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in a Month?

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Thursday, March 02, 2023 03:16 PM | InvestorsObserver Analysts

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Do Analysts Expect SVB Financial Group (SIVB) Stock to Rise After It Is Down -9.07{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in a Month?

Wall Street is positive on SVB Financial Group (SIVB). On average, analysts give SIVB a Buy rating. The average price target is $319.65, which means analysts expect the stock to climb by 16.23{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} over the next twelve months.

That average ranking earns SIVB an Analyst Rating of 33, which is better than 33{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating SIVB a Buy today. Find out what this means to you and get the rest of the rankings on SIVB!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.

InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What’s Happening With SVB Financial Group Stock Today?

SVB Financial Group (SIVB) stock is down -2.83{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} while the S&P 500 has gained 0.57{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} as of 2:59 PM on Thursday, Mar 2. SIVB is lower by -$8.01 from the previous closing price of $283.03 on volume of 536,431 shares. Over the past year the S&P 500 is down -9.41{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} while SIVB is lower by -53.74{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. SIVB earned $25.35 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.85.

Click Here to get the full Stock Report for SVB Financial Group stock.

Zacks: Analysts Expect Ocwen Financial Co. (NYSE:OCN) to Announce $1.12 Earnings Per Share

Brokerages expect Ocwen Financial Co. (NYSE:OCN – Get Rating) to post earnings of $1.12 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Ocwen Financial’s earnings. The highest EPS estimate is $1.49 and the lowest is $0.75. Ocwen Financial reported earnings per share of ($0.01) in the same quarter last year, which indicates a positive year over year growth rate of 11,300{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Ocwen Financial will report full year earnings of $6.50 per share for the current financial year. For the next fiscal year, analysts forecast that the business will post earnings of $5.22 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Ocwen Financial.

Ocwen Financial (NYSE:OCN – Get Rating) last issued its earnings results on Thursday, May 5th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.65. Ocwen Financial had a net margin of 6.30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 6.98{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm had revenue of $231.56 million for the quarter, compared to analysts’ expectations of $276.06 million.

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When you start getting paid 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on your money, your financial problems tend to pretty much evaporate.

A number of brokerages have recently commented on OCN. StockNews.com assumed coverage on shares of Ocwen Financial in a report on Thursday, March 31st. They set a “hold” rating on the stock. B. Riley decreased their target price on Ocwen Financial from $56.00 to $50.00 in a research report on Wednesday, March 16th. BTIG Research assumed coverage on shares of Ocwen Financial in a research report on Wednesday, April 20th. They set a “neutral” rating for the company. Finally, Zacks Investment Research raised shares of Ocwen Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.67.

In other Ocwen Financial news, EVP George T. Henley purchased 1,980 shares of the stock in a transaction on Wednesday, May 25th. The stock was acquired at an average price of $25.28 per share, with a total value of $50,054.40. Following the completion of the acquisition, the executive vice president now owns 3,666 shares in the company, valued at $92,676.48. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Jacques J. Busquet purchased 1,000 shares of the stock in a transaction on Wednesday, June 1st. The stock was acquired at an average cost of $28.60 per share, with a total value of $28,600.00. Following the acquisition, the director now owns 35,794 shares of the company’s stock, valued at approximately $1,023,708.40. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 6,200 shares of company stock worth $162,727. Insiders own 3.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

A number of hedge funds have recently made changes to their positions in OCN. Metropolitan Life Insurance Co NY purchased a new position in Ocwen Financial during the first quarter valued at approximately $78,000. Morgan Stanley boosted its stake in shares of Ocwen Financial by 4,068.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Morgan Stanley now owns 9,962 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 9,723 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Ocwen Financial by 107.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Bank of America Corp DE now owns 8,869 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 4,593 shares during the last quarter. Citigroup Inc. boosted its stake in Ocwen Financial by 140.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Citigroup Inc. now owns 932 shares of the financial services provider’s stock worth $26,000 after buying an additional 544 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Ocwen Financial by 3.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Dimensional Fund Advisors LP now owns 168,343 shares of the financial services provider’s stock worth $4,735,000 after buying an additional 5,209 shares during the last quarter. Institutional investors own 59.89{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

NYSE:OCN opened at $29.27 on Friday. The stock has a market cap of $270.75 million, a P/E ratio of 4.21 and a beta of 1.92. The firm’s fifty day simple moving average is $22.71 and its 200 day simple moving average is $30.25. Ocwen Financial has a twelve month low of $17.76 and a twelve month high of $41.92. The company has a quick ratio of 17.58, a current ratio of 17.58 and a debt-to-equity ratio of 16.12.

About Ocwen Financial (Get Rating)

Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through Servicing and Originations segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans to owners of mortgage loans and foreclosed real estate.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Ocwen Financial right now?

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While Ocwen Financial currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

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April 10, 2022

Tcs To Announce Q4 Earnings Tomorrow. Here’s What To Expect

IT-giant, Tata Consultancy Solutions (TCS) is set to announce its money effectiveness for the quarter ending March 2022 (Q4FY22) period of time. The firm’s inventory will be in focus as nicely following the earnings. In the quarter, TCS is predicted to report enhancement in running margins, although some cross-forex headwinds.

Last week, on Friday, TCS shares held regular and finished at ₹3686.85 apiece marginally up from the former closing on BSE. At the closing inventory price, TCS industry valuation stood at around ₹13.49 lakh crore.

In the prior week, TCS shares have broadly tumbled almost 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} as concentrate shifts on the fourth quarterly and yr-conclude general performance for the fiscal FY22.

For TCS’ fourth quarter, Manik Taneja and Dimel Francis analysts at JM Economic mentioned, “We are creating in a 3.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} QoQ c/c advancement with ~60 bps cross-currency headwinds. Expect EBIT margins to strengthen somewhat by 20 bps QoQ to 25.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} aided by advancement leverage and slight INR depreciation.”

Vital things to check out out for, as for every JM Financial’s analysts are – CY22/FY23 customer spending outlook margin functionality and outlook primarily supplied the likely resumption in journey and supply-facet pressures and outlook on pricing.

JM Economic analysts hope TCS earnings at $6,712 million with a development of 12{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} yoy and 2.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} qoq. In rupee phrases, the profits is predicted at ₹50,676.2 crore increasing by 16{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} yoy and 3.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} qoq. Meanwhile, net profit is seen at ₹10.065,6 crore up by 8.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} yoy and 3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} qoq. As for EBIT, it is viewed at ₹12,766.6 crore higher by 8.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} yoy and 4.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} qoq. EBIT margin is forecasted at 25.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} contracting by 170 foundation factors yoy but improving upon by 20 basis points on qoq.

On TCS shares outlook, the JM Monetary analysts give a ‘Hold’ suggestion with a focus on price of ₹4,100 apiece.

On BSE, TCS has clocked a 52-week high of ₹4,045.50 apiece currently.

All through Q3FY22, TCS posted a 12.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} yoy growth in consolidated web income to ₹9,769 crore with a web margin of 20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Consolidated income jumped 16.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} yoy to ₹48,885 crore. Continuous currency profits progress was at 15.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} yoy.

In the December 2021 quarter, TCS all verticals grew in the mid to high teenagers. Advancement was led by Retail and CPG (20.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}), BFSI (+17.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}), and the Production vertical (+18.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}). Technologies & Products and services grew +17.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, Lifetime Sciences and Healthcare grew +16.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and Communications & Media grew +14.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Also, TCS had crossed a new milestone in Q3 with the amount of girls in its workforce crossing 2 lakh. TCS additional 28,238 staff members on a internet foundation, having the full variety of staff members to 556,986 as of December 31, 2021. IT Providers attrition amount (LTM) in Q3 was 15.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

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March 27, 2022

Zacks: Analysts Expect MEDNAX, Inc. (NYSE:MD) to Announce $0.26 EPS

Equities analysts predict that MEDNAX, Inc. (NYSE:MD – Get Rating) will announce earnings of $0.26 per share for the current quarter, Zacks reports. Six analysts have issued estimates for MEDNAX’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.25. MEDNAX posted earnings of $0.24 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that MEDNAX will report full-year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.96. For the next year, analysts anticipate that the business will post earnings of $2.00 per share, with EPS estimates ranging from $1.75 to $2.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow MEDNAX.

MEDNAX (NYSE:MD – Get Rating) last announced its quarterly earnings results on Thursday, February 17th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. MEDNAX had a return on equity of 15.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 6.85{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $498.53 million for the quarter, compared to analysts’ expectations of $482.50 million. During the same period in the prior year, the firm earned $0.22 EPS. The business’s quarterly revenue was up 19.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

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Several research analysts have recently commented on the company. Zacks Investment Research raised MEDNAX from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Tuesday, March 1st. TheStreet raised shares of MEDNAX from a “c” rating to a “b-” rating in a report on Monday, February 28th. Credit Suisse Group reduced their price objective on shares of MEDNAX from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, February 23rd. Finally, StockNews.com raised shares of MEDNAX from a “hold” rating to a “buy” rating in a report on Wednesday, February 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $29.63.

In other news, Director Roger Md Medel sold 87,361 shares of the firm’s stock in a transaction dated Tuesday, January 4th. The shares were sold at an average price of $27.43, for a total transaction of $2,396,312.23. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 239,122 shares of company stock valued at $6,478,687. 2.80{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC lifted its stake in MEDNAX by 5,380.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. O Shaughnessy Asset Management LLC now owns 1,096 shares of the company’s stock worth $31,000 after acquiring an additional 1,076 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of MEDNAX during the fourth quarter valued at about $57,000. Meeder Asset Management Inc. increased its holdings in shares of MEDNAX by 1,246.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Meeder Asset Management Inc. now owns 2,127 shares of the company’s stock valued at $60,000 after acquiring an additional 1,969 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of MEDNAX by 120.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,107 shares of the company’s stock valued at $85,000 after acquiring an additional 1,696 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of MEDNAX by 159.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Captrust Financial Advisors now owns 5,579 shares of the company’s stock valued at $159,000 after acquiring an additional 3,430 shares in the last quarter. Institutional investors own 96.99{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

NYSE MD traded up $1.28 during trading on Friday, hitting $24.34. 766,267 shares of the company traded hands, compared to its average volume of 513,784. MEDNAX has a 12 month low of $22.31 and a 12 month high of $35.67. The business has a fifty day simple moving average of $24.02 and a 200 day simple moving average of $26.13. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $2.12 billion, a P/E ratio of 15.91, a PEG ratio of 1.52 and a beta of 2.07.

MEDNAX Company Profile (Get Rating)

MEDNAX, Inc, together with its subsidiaries, provides newborn, maternal-fetal, pediatric cardiology, and other pediatric subspecialty care services in the United States and Puerto Rico. It offers neonatal care services, such as clinical care to babies born prematurely or with complications within specific units at hospitals through neonatal physician subspecialists, neonatal nurse practitioners, and other pediatric clinicians.

Further Reading

Get a free copy of the Zacks research report on MEDNAX (MD)

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Should you invest $1,000 in MEDNAX right now?

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While MEDNAX currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

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March 21, 2022

Analysts Expect IYG Will Reach $224

Looking at the underlying holdings of the ETFs in our protection universe at ETF Channel, we have in comparison the trading price of each and every holding against the average analyst 12-thirty day period forward concentrate on selling price, and computed the weighted average implied analyst target value for the ETF itself. For the iShares U.S. Economical Solutions ETF (Image: IYG), we uncovered that the implied analyst target price tag for the ETF based mostly on its fundamental holdings is $224.48 for each device.

With IYG investing at a new price close to $185.40 for each unit, that signifies that analysts see 21.08{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} upside for this ETF hunting through to the common analyst targets of the underlying holdings. A few of IYG’s fundamental holdings with notable upside to their analyst goal charges are Jefferies Economical Team Inc (Image: JEF), JPMorgan Chase & Co (Image: JPM), and Blackstone Inc (Image: BX). Though JEF has traded at a recent price tag of $32.72/share, the average analyst concentrate on is 35.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} bigger at $44.33/share. Equally, JPM has 25.18{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} upside from the modern share cost of $140.10 if the average analyst concentrate on rate of $175.38/share is arrived at, and analysts on ordinary are anticipating BX to get to a goal price of $150.38/share, which is 22.41{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} earlier mentioned the recent value of $122.85. Below is a twelve thirty day period rate history chart evaluating the stock effectiveness of JEF, JPM, and BX:

JEF, JPM, and BX Relative Performance Chart

Put together, JEF, JPM, and BX represent 12.31{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the iShares U.S. Financial Providers ETF. Underneath is a summary table of the existing analyst concentrate on costs reviewed previously mentioned:

Name	Image	Modern Cost	Avg. Analyst 12-Mo. Target	{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} Upside to Target
iShares U.S. Fiscal Expert services ETF	IYG	$185.40	$224.48	21.08{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}
Jefferies Money Group Inc	JEF	$32.72	$44.33	35.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}
JPMorgan Chase & Co	JPM	$140.10	$175.38	25.18{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}
Blackstone Inc	BX	$122.85	$150.38	22.41{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Are analysts justified in these targets, or overly optimistic about the place these stocks will be investing 12 months from now? Do the analysts have a legitimate justification for their targets, or are they guiding the curve on the latest corporation and field developments? A superior rate focus on relative to a stock’s trading rate can mirror optimism about the potential, but can also be a precursor to concentrate on cost downgrades if the targets had been a relic of the past. These are thoughts that call for additional investor analysis.

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The views and viewpoints expressed herein are the sights and viewpoints of the writer and do not essentially replicate people of Nasdaq, Inc.

January 16, 2022

Analysts Expect Enterprise Financial Services Corp (NASDAQ:EFSC) Will Announce Quarterly Sales of $121.70 Million

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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