Brokerages expect Enterprise Financial Services Corp (NASDAQ:EFSC) to announce $76.60 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Enterprise Financial Services’ earnings. The highest sales estimate is $77.80 million and the lowest is $75.80 million. Enterprise Financial Services posted sales of $61.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The business is expected to announce its next quarterly earnings results on Monday, January 20th.
According to Zacks, analysts expect that Enterprise Financial Services will report full year sales of $288.30 million for the current fiscal year, with estimates ranging from $286.30 million to $290.40 million. For the next fiscal year, analysts forecast that the business will report sales of $303.40 million, with estimates ranging from $299.00 million to $306.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.09. Enterprise Financial Services had a return on equity of 13.30% and a net margin of 25.84%. The business had revenue of $76.61 million during the quarter, compared to the consensus estimate of $73.87 million.
EFSC has been the topic of a number of recent research reports. BidaskClub raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Raymond James initiated coverage on Enterprise Financial Services in a report on Thursday, September 19th. They set an “outperform” rating and a $48.00 price objective on the stock. ValuEngine raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Zacks Investment Research raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.
Several large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its holdings in shares of Enterprise Financial Services by 24.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 31,753 shares of the bank’s stock valued at $1,293,000 after acquiring an additional 6,202 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Enterprise Financial Services by 37.1% in the 3rd quarter. California Public Employees Retirement System now owns 53,632 shares of the bank’s stock valued at $2,186,000 after acquiring an additional 14,520 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Enterprise Financial Services by 8.9% in the 3rd quarter. Rhumbline Advisers now owns 38,916 shares of the bank’s stock valued at $1,586,000 after acquiring an additional 3,182 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Enterprise Financial Services in the 3rd quarter valued at about $217,000. Finally, Acropolis Investment Management LLC raised its holdings in shares of Enterprise Financial Services by 39.5% in the 3rd quarter. Acropolis Investment Management LLC now owns 10,632 shares of the bank’s stock valued at $433,000 after acquiring an additional 3,012 shares in the last quarter. 72.71% of the stock is currently owned by hedge funds and other institutional investors.
Enterprise Financial Services stock traded up $0.04 during trading on Thursday, hitting $45.66. 42,700 shares of the company were exchanged, compared to its average volume of 103,389. The business’s 50 day moving average is $42.08 and its 200 day moving average is $41.12. The company has a market capitalization of $1.22 billion, a P/E ratio of 12.65 and a beta of 1.15. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.90. Enterprise Financial Services has a 52 week low of $36.09 and a 52 week high of $47.03.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.17 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.49%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.16. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 17.73%.
About Enterprise Financial Services
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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