Equities analysts expect Enterprise Financial Services Corporation (NASDAQ:EFSC) to post sales of $54.11 million for the current quarter, Zacks reports. Two analysts have provided estimates for Enterprise Financial Services Corporation’s earnings. The lowest sales estimate is $53.92 million and the highest is $54.30 million. Enterprise Financial Services Corporation reported sales of $40.81 million in the same quarter last year, which would suggest a positive year over year growth rate of 32.6%. The business is expected to report its next earnings results on Monday, October 23rd.

According to Zacks, analysts expect that Enterprise Financial Services Corporation will report full-year sales of $54.11 million for the current financial year, with estimates ranging from $209.24 million to $210.00 million. For the next year, analysts anticipate that the business will report sales of $225.82 million per share, with estimates ranging from $222.84 million to $228.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Enterprise Financial Services Corporation.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, July 24th. The bank reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.06). The company had revenue of $53.57 million for the quarter, compared to analysts’ expectations of $51.91 million. Enterprise Financial Services Corporation had a return on equity of 11.18% and a net margin of 24.54%.

A number of research analysts recently commented on the stock. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $49.00 price objective on shares of Enterprise Financial Services Corporation in a research report on Friday, October 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $46.00 price objective on shares of Enterprise Financial Services Corporation in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. Finally, BidaskClub downgraded shares of Enterprise Financial Services Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Enterprise Financial Services Corporation has an average rating of “Hold” and a consensus price target of $43.00.

In other Enterprise Financial Services Corporation news, insider Douglas Bauche sold 1,200 shares of Enterprise Financial Services Corporation stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $38.11, for a total value of $45,732.00. Following the completion of the sale, the insider now directly owns 1,639 shares in the company, valued at $62,462.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Holmes bought 2,556 shares of Enterprise Financial Services Corporation stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $38.74 per share, with a total value of $99,019.44. Following the completion of the purchase, the director now directly owns 2,716 shares of the company’s stock, valued at $105,217.84. The disclosure for this purchase can be found here. 5.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of EFSC. US Bancorp DE acquired a new stake in Enterprise Financial Services Corporation in the first quarter valued at approximately $171,000. Legal & General Group Plc lifted its stake in Enterprise Financial Services Corporation by 4.5% in the first quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock valued at $215,000 after acquiring an additional 219 shares during the last quarter. Citigroup Inc. lifted its stake in Enterprise Financial Services Corporation by 272.4% in the second quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock valued at $227,000 after acquiring an additional 4,064 shares during the last quarter. Brookstone Capital Management acquired a new stake in Enterprise Financial Services Corporation in the second quarter valued at approximately $228,000. Finally, Laurion Capital Management LP acquired a new stake in Enterprise Financial Services Corporation in the second quarter valued at approximately $319,000. Hedge funds and other institutional investors own 72.86% of the company’s stock.

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Enterprise Financial Services Corporation (NASDAQ EFSC) opened at 43.35 on Wednesday. The firm’s 50-day moving average is $39.95 and its 200-day moving average is $40.73. The stock has a market cap of $1.02 billion, a P/E ratio of 18.86 and a beta of 0.86. Enterprise Financial Services Corporation has a 1-year low of $31.65 and a 1-year high of $46.25.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Thursday, September 14th. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is presently 18.97%.

About Enterprise Financial Services Corporation

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

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