Zacks: Brokerages Expect Enterprise Financial Services Corp (EFSC) Will Announce Earnings of $0.86 Per Share

Wall Street brokerages predict that Enterprise Financial Services Corp (NASDAQ:EFSC) will report $0.86 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Enterprise Financial Services’ earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at $0.81. Enterprise Financial Services posted earnings per share of $0.59 in the same quarter last year, which suggests a positive year over year growth rate of 45.8%. The firm is scheduled to report its next earnings results on Monday, April 23rd.

On average, analysts expect that Enterprise Financial Services will report full year earnings of $3.37 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.60. For the next year, analysts anticipate that the firm will post earnings of $3.66 per share, with EPS estimates ranging from $3.34 to $3.90. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Enterprise Financial Services.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, January 22nd. The bank reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01. The firm had revenue of $58.52 million during the quarter, compared to analysts’ expectations of $56.93 million. Enterprise Financial Services had a return on equity of 11.15% and a net margin of 20.34%.

Several brokerages recently commented on EFSC. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $54.50 target price on shares of Enterprise Financial Services in a research report on Tuesday, January 9th. Zacks Investment Research raised Enterprise Financial Services from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research report on Monday, January 1st. ValuEngine cut Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $46.00 price objective on shares of Enterprise Financial Services in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.83.

In other Enterprise Financial Services news, President Scott Richard Goodman sold 3,700 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $45.85, for a total transaction of $169,645.00. Following the completion of the transaction, the president now directly owns 38,269 shares in the company, valued at $1,754,633.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas Bauche sold 960 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $44.10, for a total value of $42,336.00. Following the transaction, the insider now owns 679 shares of the company’s stock, valued at $29,943.90. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Enterprise Financial Services by 6.8% in the third quarter. Dimensional Fund Advisors LP now owns 988,194 shares of the bank’s stock valued at $41,850,000 after buying an additional 63,020 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Enterprise Financial Services by 1.8% in the second quarter. Vanguard Group Inc. now owns 969,746 shares of the bank’s stock valued at $39,565,000 after buying an additional 17,470 shares in the last quarter. State Street Corp increased its stake in shares of Enterprise Financial Services by 73.1% in the second quarter. State Street Corp now owns 645,810 shares of the bank’s stock valued at $26,349,000 after buying an additional 272,775 shares in the last quarter. Northern Trust Corp increased its stake in shares of Enterprise Financial Services by 14.8% in the second quarter. Northern Trust Corp now owns 419,404 shares of the bank’s stock valued at $17,112,000 after buying an additional 54,189 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Enterprise Financial Services by 32.9% in the second quarter. Renaissance Technologies LLC now owns 373,200 shares of the bank’s stock valued at $15,227,000 after buying an additional 92,300 shares in the last quarter. Institutional investors own 74.40% of the company’s stock.

Shares of Enterprise Financial Services (NASDAQ EFSC) traded down $0.05 during mid-day trading on Friday, reaching $48.70. The company had a trading volume of 88,925 shares, compared to its average volume of 150,518. The company has a market capitalization of $1,133.64, a PE ratio of 23.53, a P/E/G ratio of 1.74 and a beta of 0.87. Enterprise Financial Services has a 52-week low of $36.65 and a 52-week high of $49.67. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.03.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.44 annualized dividend and a yield of 0.90%. Enterprise Financial Services’s dividend payout ratio is currently 21.26%.

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About Enterprise Financial Services

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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