Wall Street 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, with estimates ranging from $75.80 million to $77.80 million. Enterprise Financial Services posted sales of $61.30 million during the same quarter last year, which suggests a positive year over year growth rate of 25%. The business is expected to announce its next quarterly earnings results on Monday, January 20th.
On average, 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 year, analysts anticipate that the business will report sales of $303.40 million, with estimates ranging from $299.00 million to $306.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Enterprise Financial Services had a net margin of 25.84% and a return on equity of 13.30%. The company had revenue of $76.61 million for the quarter, compared to analyst estimates of $73.87 million.
Shares of EFSC stock traded down $0.73 on Friday, hitting $44.12. The stock had a trading volume of 1,016 shares, compared to its average volume of 50,575. Enterprise Financial Services has a 52-week low of $36.09 and a 52-week high of $47.03. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 12.22 and a beta of 1.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.96 and a current ratio of 0.96. The stock’s 50 day moving average is $44.24 and its 200-day moving average is $41.39.
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 given a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.54%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.16. Enterprise Financial Services’s payout ratio is presently 17.73%.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Enterprise Financial Services by 4.0% during the 2nd quarter. BlackRock Inc. now owns 1,813,869 shares of the bank’s stock worth $75,459,000 after purchasing an additional 69,973 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Enterprise Financial Services by 54.5% in the 2nd quarter. Earnest Partners LLC now owns 1,569,522 shares of the bank’s stock worth $65,292,000 after buying an additional 553,566 shares during the last quarter. Enterprise Financial Services Corp grew its holdings in shares of Enterprise Financial Services by 2.0% in the second quarter. Enterprise Financial Services Corp now owns 574,620 shares of the bank’s stock worth $23,903,000 after acquiring an additional 11,385 shares during the period. Northern Trust Corp grew its holdings in shares of Enterprise Financial Services by 0.7% in the second quarter. Northern Trust Corp now owns 425,292 shares of the bank’s stock worth $17,691,000 after acquiring an additional 3,102 shares during the period. Finally, Investment Counselors of Maryland LLC increased its position in Enterprise Financial Services by 1.2% during the second quarter. Investment Counselors of Maryland LLC now owns 354,161 shares of the bank’s stock valued at $14,733,000 after acquiring an additional 4,159 shares during the last quarter. Institutional investors and hedge funds own 71.71% of the company’s stock.
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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