Enterprise Financial Services Corp (EFSC) Expected to Announce Quarterly Sales of $55.42 Million

Analysts expect Enterprise Financial Services Corp (NASDAQ:EFSC) to report sales of $55.42 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Enterprise Financial Services’ earnings. The lowest sales estimate is $54.00 million and the highest is $56.83 million. Enterprise Financial Services reported sales of $45.62 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.5%. The company is scheduled to issue its next quarterly earnings results on Monday, April 23rd.

On average, analysts expect that Enterprise Financial Services will report full-year sales of $55.42 million for the current year, with estimates ranging from $228.20 million to $230.11 million. For the next year, analysts forecast that the business will post sales of $243.53 million per share, with estimates ranging from $242.70 million to $244.35 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Enterprise Financial Services.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data 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. Enterprise Financial Services had a return on equity of 11.15% and a net margin of 20.34%. The company had revenue of $58.52 million for the quarter, compared to the consensus estimate of $56.93 million.

EFSC has been the subject of a number of research analyst reports. Zacks Investment Research raised Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Thursday, October 26th. 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. ValuEngine lowered Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, BidaskClub raised Enterprise Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $50.83.

Shares of Enterprise Financial Services (NASDAQ EFSC) opened at $47.15 on Wednesday. Enterprise Financial Services has a 12-month low of $36.65 and a 12-month high of $49.67. The company has a market capitalization of $1,090.00, a PE ratio of 22.78, a P/E/G ratio of 1.48 and a beta of 0.92. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.03 and a quick ratio of 1.03.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.93%. 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 the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $44.10, for a total transaction of $42,336.00. Following the completion of the sale, the insider now directly owns 679 shares of the company’s stock, valued at approximately $29,943.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Scott Richard Goodman sold 3,700 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $45.85, for a total value of $169,645.00. Following the sale, the president now directly owns 38,269 shares of the company’s stock, valued at $1,754,633.65. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Great West Life Assurance Co. Can increased its holdings in Enterprise Financial Services by 281.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,431 shares of the bank’s stock worth $145,000 after purchasing an additional 2,531 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Enterprise Financial Services by 89.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,385 shares of the bank’s stock worth $186,000 after purchasing an additional 2,075 shares in the last quarter. Moloney Securities Asset Management LLC bought a new stake in Enterprise Financial Services during the 3rd quarter worth approximately $203,000. SG Americas Securities LLC bought a new stake in Enterprise Financial Services during the 3rd quarter worth approximately $229,000. Finally, Citigroup Inc. increased its holdings in Enterprise Financial Services by 272.4% during the 2nd quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock worth $227,000 after purchasing an additional 4,064 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

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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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