Analysts Anticipate Enterprise Financial Services Corp (NASDAQ:EFSC) Will Post Earnings of $1.09 Per Share

Equities research analysts expect that Enterprise Financial Services Corp (NASDAQ:EFSC) will post $1.09 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Enterprise Financial Services’ earnings, with estimates ranging from $1.06 to $1.13. Enterprise Financial Services posted earnings per share of $1.06 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.8%. The company is scheduled to announce its next quarterly earnings report on Monday, January 20th.

On average, analysts expect that Enterprise Financial Services will report full year earnings of $4.04 per share for the current fiscal year, with EPS estimates ranging from $4.02 to $4.05. For the next year, analysts expect that the firm will post earnings of $4.15 per share, with EPS estimates ranging from $3.96 to $4.30. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Enterprise Financial Services.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, October 21st. The bank reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $76.61 million for the quarter, compared to analysts’ expectations of $73.87 million. Enterprise Financial Services had a net margin of 25.84% and a return on equity of 13.30%.

Several research firms have recently weighed in on EFSC. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. BidaskClub upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. ValuEngine upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Raymond James initiated coverage on shares of Enterprise Financial Services in a report on Thursday, September 19th. They set an “outperform” rating and a $48.00 target price on the stock.

A number of hedge funds and other institutional investors have recently modified their holdings of EFSC. Peregrine Capital Management LLC purchased a new position in Enterprise Financial Services during the 2nd quarter valued at about $8,216,000. HGK Asset Management Inc. lifted its position in Enterprise Financial Services by 19.5% during the 2nd quarter. HGK Asset Management Inc. now owns 10,324 shares of the bank’s stock valued at $429,000 after acquiring an additional 1,687 shares during the period. Rothschild & Co. Asset Management US Inc. lifted its position in Enterprise Financial Services by 7.0% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 268,140 shares of the bank’s stock valued at $11,155,000 after acquiring an additional 17,612 shares during the period. Creative Planning lifted its position in Enterprise Financial Services by 17.6% during the 2nd quarter. Creative Planning now owns 46,806 shares of the bank’s stock valued at $1,947,000 after acquiring an additional 7,000 shares during the period. Finally, Mesirow Financial Investment Management Equity Management lifted its position in Enterprise Financial Services by 11.1% during the 2nd quarter. Mesirow Financial Investment Management Equity Management now owns 158,135 shares of the bank’s stock valued at $6,578,000 after acquiring an additional 15,845 shares during the period. 72.71% of the stock is owned by institutional investors.

Shares of NASDAQ EFSC traded up $0.04 during midday trading on Tuesday, reaching $45.66. 42,700 shares of the company were exchanged, compared to its average volume of 103,389. The stock’s 50-day moving average price is $42.08 and its 200-day moving average price is $41.12. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.22 billion, a P/E ratio of 12.65 and a beta of 1.15. Enterprise Financial Services has a one year low of $36.09 and a one year high of $47.03.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.17 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.49%. Enterprise Financial Services’s payout ratio is presently 17.73%.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.

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

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