Wall Street brokerages expect Enterprise Financial Services Corp (NASDAQ:EFSC) to post earnings per share (EPS) of $0.86 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Enterprise Financial Services’ earnings. The lowest EPS estimate is $0.81 and the highest is $0.91. Enterprise Financial Services posted earnings per share of $0.59 in the same quarter last year, which indicates a positive year over year growth rate of 45.8%. The business is expected to report its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Enterprise Financial Services will report full-year earnings of $3.54 per share for the current year, with EPS estimates ranging from $3.50 to $3.60. For the next financial year, analysts expect that the company will report earnings of $3.83 per share, with EPS estimates ranging from $3.75 to $3.90. Zacks Investment Research’s 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 announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The firm had revenue of $58.52 million for the quarter, compared to the consensus estimate of $56.93 million. Enterprise Financial Services had a net margin of 20.34% and a return on equity of 11.15%.
Shares of Enterprise Financial Services (EFSC) traded up $0.60 during midday trading on Monday, hitting $47.05. 182,100 shares of the stock were exchanged, compared to its average volume of 142,972. 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 stock has a market cap of $1,086.34, a P/E ratio of 22.73, a PEG ratio of 1.48 and a beta of 0.92. Enterprise Financial Services has a 12-month low of $36.65 and a 12-month high of $49.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Wednesday, March 14th. Enterprise Financial Services’s payout ratio is 21.26%.
In other Enterprise Financial Services news, insider Douglas Bauche sold 960 shares of Enterprise Financial Services stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $44.10, for a total transaction of $42,336.00. Following the transaction, the insider now owns 679 shares of the company’s stock, valued at $29,943.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Scott Richard Goodman sold 3,700 shares of Enterprise Financial Services stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $45.85, for a total transaction of $169,645.00. Following the transaction, the president now directly owns 38,269 shares in the company, valued at approximately $1,754,633.65. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in Enterprise Financial Services by 6.9% during the second quarter. Stifel Financial Corp now owns 8,562 shares of the bank’s stock valued at $350,000 after purchasing an additional 549 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Enterprise Financial Services by 9.1% during the second quarter. Voya Investment Management LLC now owns 12,217 shares of the bank’s stock valued at $498,000 after purchasing an additional 1,018 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Enterprise Financial Services by 1.6% during the second quarter. California Public Employees Retirement System now owns 69,500 shares of the bank’s stock valued at $2,836,000 after purchasing an additional 1,100 shares in the last quarter. Cortina Asset Management LLC lifted its holdings in Enterprise Financial Services by 0.9% during the third quarter. Cortina Asset Management LLC now owns 174,138 shares of the bank’s stock valued at $7,375,000 after purchasing an additional 1,529 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Enterprise Financial Services by 12.8% during the second quarter. The Manufacturers Life Insurance Company now owns 16,501 shares of the bank’s stock valued at $674,000 after purchasing an additional 1,878 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.
Enterprise Financial Services Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Enterprise Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.