Wall Street brokerages forecast that Enterprise Financial Services Corp (NASDAQ:EFSC) will post earnings per share of $0.92 for the current quarter, Zacks reports. Three analysts have issued estimates for Enterprise Financial Services’ earnings, with estimates ranging from $0.89 to $0.97. Enterprise Financial Services posted earnings of $0.84 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The firm is expected to report its next quarterly earnings report on Monday, April 22nd.
According to Zacks, analysts expect that Enterprise Financial Services will report full year earnings of $3.98 per share for the current fiscal year, with EPS estimates ranging from $3.84 to $4.20. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.38 per share, with EPS estimates ranging from $4.33 to $4.45. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Enterprise Financial Services.
EFSC has been the subject of several recent research reports. Zacks Investment Research raised Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Thursday, October 25th. Piper Jaffray Companies set a $52.00 target price on Enterprise Financial Services and gave the stock a “buy” rating in a report on Wednesday, October 24th. ValuEngine raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. BidaskClub raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. Finally, Keefe, Bruyette & Woods raised Enterprise Financial Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $57.00 to $60.00 in a report on Monday, November 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.25.
Enterprise Financial Services stock traded up $0.44 during trading hours on Monday, hitting $44.10. The stock had a trading volume of 2,185 shares, compared to its average volume of 135,341. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.16. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. Enterprise Financial Services has a fifty-two week low of $36.09 and a fifty-two week high of $58.15.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a $0.14 dividend. The ex-dividend date is Thursday, March 14th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.27%. Enterprise Financial Services’s dividend payout ratio is presently 14.40%.
In other news, President Scott Richard Goodman sold 1,000 shares of the stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $38.05, for a total value of $38,050.00. Following the completion of the transaction, the president now directly owns 46,438 shares of the company’s stock, valued at approximately $1,766,965.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EFSC. BlackRock Inc. grew its position in Enterprise Financial Services by 13.5% during the 2nd quarter. BlackRock Inc. now owns 1,589,318 shares of the bank’s stock worth $85,743,000 after acquiring an additional 188,889 shares during the last quarter. Northern Trust Corp boosted its position in Enterprise Financial Services by 3.7% in the 2nd quarter. Northern Trust Corp now owns 425,861 shares of the bank’s stock valued at $22,974,000 after buying an additional 15,273 shares during the last quarter. United Services Automobile Association boosted its position in Enterprise Financial Services by 64.6% in the 2nd quarter. United Services Automobile Association now owns 96,541 shares of the bank’s stock valued at $5,208,000 after buying an additional 37,900 shares during the last quarter. Bank of Montreal Can boosted its position in Enterprise Financial Services by 3,530.8% in the 3rd quarter. Bank of Montreal Can now owns 53,591 shares of the bank’s stock valued at $2,843,000 after buying an additional 52,115 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Enterprise Financial Services by 105.7% in the 3rd quarter. First Trust Advisors LP now owns 168,774 shares of the bank’s stock valued at $8,953,000 after buying an additional 86,719 shares during the last quarter. Institutional investors and hedge funds own 77.85% of the company’s stock.
About Enterprise Financial Services
Enterprise Financial Services Corp operates as the 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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