Equities research analysts expect Enterprise Financial Services Corp (NASDAQ:EFSC) to announce sales of $59.43 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Enterprise Financial Services’ earnings. The lowest sales estimate is $59.30 million and the highest is $59.58 million. Enterprise Financial Services posted sales of $58.52 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.6%. The company is expected to issue its next earnings report on Monday, January 28th.
On average, analysts expect that Enterprise Financial Services will report full-year sales of $227.81 million for the current fiscal year, with estimates ranging from $227.30 million to $228.54 million. For the next year, analysts anticipate that the firm will report sales of $240.35 million, with estimates ranging from $240.30 million to $240.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, October 22nd. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $56.50 million during the quarter, compared to the consensus estimate of $57.95 million. Enterprise Financial Services had a return on equity of 13.72% and a net margin of 27.39%.
In other news, insider Douglas Bauche sold 750 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $56.20, for a total transaction of $42,150.00. Following the transaction, the insider now owns 2,761 shares of the company’s stock, valued at $155,168.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.60% of the company’s stock.
Several hedge funds have recently modified their holdings of EFSC. Vaughan Nelson Investment Management L.P. bought a new position in shares of Enterprise Financial Services during the second quarter worth about $50,905,000. JPMorgan Chase & Co. lifted its position in shares of Enterprise Financial Services by 135.7% during the third quarter. JPMorgan Chase & Co. now owns 403,029 shares of the bank’s stock worth $21,380,000 after purchasing an additional 232,008 shares during the last quarter. BlackRock Inc. lifted its position in shares of Enterprise Financial Services by 13.5% during the second quarter. BlackRock Inc. now owns 1,589,318 shares of the bank’s stock worth $85,743,000 after purchasing an additional 188,889 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Enterprise Financial Services by 105.7% during the third quarter. First Trust Advisors LP now owns 168,774 shares of the bank’s stock worth $8,953,000 after purchasing an additional 86,719 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Enterprise Financial Services by 224.9% during the first quarter. Allianz Asset Management GmbH now owns 109,533 shares of the bank’s stock worth $5,137,000 after purchasing an additional 75,820 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Enterprise Financial Services stock traded down $0.54 during trading hours on Tuesday, hitting $45.70. 4,649 shares of the company’s stock traded hands, compared to its average volume of 144,179. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $1.06 billion, a PE ratio of 17.74, a P/E/G ratio of 1.45 and a beta of 0.98. Enterprise Financial Services has a twelve month low of $40.47 and a twelve month high of $58.15.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.13 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, December 13th. This represents a $0.52 annualized dividend and a dividend yield of 1.14%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 18.60%.
Enterprise Financial Services Company Profile
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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