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%.
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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