Zacks: Analysts Expect Enterprise Financial Services Corp (NASDAQ:EFSC) Will Post Earnings of $1.09 Per Share

Wall Street analysts forecast that Enterprise Financial Services Corp (NASDAQ:EFSC) will report earnings per share (EPS) of $1.09 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Enterprise Financial Services’ earnings, with the lowest EPS estimate coming in at $1.06 and the highest estimate coming in at $1.13. Enterprise Financial Services posted earnings of $1.06 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 2.8%. The firm is scheduled to report its next earnings results on Monday, January 20th.

According to Zacks, analysts expect that Enterprise Financial Services will report full year earnings of $4.04 per share for the current year, with EPS estimates ranging from $4.02 to $4.05. For the next fiscal year, analysts anticipate that the company will report earnings of $4.15 per share, with EPS estimates ranging from $3.96 to $4.30. Zacks’ EPS averages are an average based on a survey of research analysts that follow Enterprise Financial Services.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $76.61 million during the quarter, compared to analysts’ expectations of $73.87 million. Enterprise Financial Services had a net margin of 25.84% and a return on equity of 13.30%.

Several brokerages have recently commented on EFSC. BidaskClub upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Raymond James began coverage on shares of Enterprise Financial Services in a research report on Thursday, September 19th. They set an “outperform” rating and a $48.00 target price for the company. ValuEngine raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Zacks Investment Research upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its position in Enterprise Financial Services by 112.4% in the 2nd quarter. Advisor Group Inc. now owns 1,512 shares of the bank’s stock valued at $62,000 after purchasing an additional 800 shares during the last quarter. Aperio Group LLC acquired a new position in Enterprise Financial Services in the second quarter worth $158,000. Voloridge Investment Management LLC acquired a new position in Enterprise Financial Services in the second quarter worth $220,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Enterprise Financial Services during the third quarter worth $217,000. Finally, Connable Office Inc. bought a new stake in shares of Enterprise Financial Services during the second quarter worth $259,000. Institutional investors and hedge funds own 71.71% of the company’s stock.

Enterprise Financial Services stock traded down $0.73 during mid-day trading on Thursday, hitting $44.12. 1,016 shares of the company were exchanged, compared to its average volume of 50,575. The company has a market capitalization of $1.20 billion, a PE ratio of 12.22 and a beta of 1.15. The business has a fifty day moving average of $44.24 and a 200 day moving average of $41.39. Enterprise Financial Services has a 1-year low of $36.09 and a 1-year high of $47.03. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.90.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.17 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, December 13th. Enterprise Financial Services’s payout ratio is presently 17.73%.

About Enterprise Financial Services

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

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