Enterprise Financial Services Corp (EFSC) Expected to Announce Earnings of $0.63 Per Share
Wall Street analysts forecast that Enterprise Financial Services Corp (NASDAQ:EFSC) will announce earnings per share of $0.63 for the current quarter, according to Zacks. Two analysts have provided estimates for Enterprise Financial Services Corp’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.60. Enterprise Financial Services Corp posted earnings per share of $0.61 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.3%. The firm is expected to announce its next earnings results on Thursday, July 27th.
On average, analysts expect that Enterprise Financial Services Corp will report full-year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.57 to $2.67. For the next year, analysts anticipate that the business will report earnings of $2.97 per share, with EPS estimates ranging from $2.93 to $3.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Enterprise Financial Services Corp.
Enterprise Financial Services Corp (NASDAQ:EFSC) last issued its earnings results on Monday, April 24th. The bank reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $45.62 million for the quarter, compared to analyst estimates of $45.72 million. Enterprise Financial Services Corp had a return on equity of 13.17% and a net margin of 27.39%.
Separately, Zacks Investment Research raised Enterprise Financial Services Corp from a “hold” rating to a “strong-buy” rating and set a $49.00 price target for the company in a report on Monday, January 30th.
Shares of Enterprise Financial Services Corp (NASDAQ:EFSC) traded down 0.58% during midday trading on Thursday, reaching $42.55. The company had a trading volume of 107,759 shares. The company’s 50 day moving average price is $42.00 and its 200 day moving average price is $40.85. Enterprise Financial Services Corp has a 52-week low of $25.76 and a 52-week high of $46.25. The stock has a market capitalization of $999.12 million, a PE ratio of 17.55 and a beta of 0.84.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.44 annualized dividend and a yield of 1.03%. Enterprise Financial Services Corp’s dividend payout ratio is presently 18.26%.
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In related news, CEO Peter Benoist sold 23,525 shares of Enterprise Financial Services Corp stock in a transaction on Friday, February 24th. The stock was sold at an average price of $45.34, for a total transaction of $1,066,623.50. Following the completion of the transaction, the chief executive officer now directly owns 26,219 shares of the company’s stock, valued at $1,188,769.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Mark G. Ponder sold 1,000 shares of Enterprise Financial Services Corp stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $45.13, for a total value of $45,130.00. Following the transaction, the senior vice president now directly owns 2,989 shares of the company’s stock, valued at $134,893.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,710 shares of company stock valued at $4,242,462. 6.20% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Numeric Investors LLC boosted its position in Enterprise Financial Services Corp by 171.3% in the fourth quarter. Numeric Investors LLC now owns 304,254 shares of the bank’s stock worth $13,083,000 after buying an additional 192,120 shares during the period. JPMorgan Chase & Co. boosted its position in Enterprise Financial Services Corp by 76.6% in the first quarter. JPMorgan Chase & Co. now owns 247,368 shares of the bank’s stock worth $10,488,000 after buying an additional 107,261 shares during the period. Prudential Financial Inc. boosted its position in Enterprise Financial Services Corp by 42.7% in the first quarter. Prudential Financial Inc. now owns 321,885 shares of the bank’s stock worth $13,648,000 after buying an additional 96,310 shares during the period. Bank of New York Mellon Corp boosted its position in Enterprise Financial Services Corp by 72.6% in the first quarter. Bank of New York Mellon Corp now owns 198,611 shares of the bank’s stock worth $8,421,000 after buying an additional 83,562 shares during the period. Finally, Rothschild Asset Management Inc. bought a new position in Enterprise Financial Services Corp during the third quarter worth $2,468,000. 70.88% of the stock is owned by institutional investors.
About Enterprise Financial Services Corp
Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.
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