Enterprise Financial Services Corp Expected to Post Q2 2024 Earnings of $1.11 Per Share (NASDAQ:EFSC)

Enterprise Financial Services Corp (NASDAQ:EFSC) – Equities research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Enterprise Financial Services in a research note issued to investors on Wednesday, April 24th. DA Davidson analyst J. Rulis expects that the bank will post earnings of $1.11 per share for the quarter. DA Davidson currently has a “Buy” rating and a $45.00 price target on the stock. The consensus estimate for Enterprise Financial Services’ current full-year earnings is $4.36 per share. DA Davidson also issued estimates for Enterprise Financial Services’ FY2024 earnings at $4.55 EPS and FY2025 earnings at $4.60 EPS.

Other analysts have also issued reports about the company. Piper Sandler dropped their price target on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Keefe, Bruyette & Woods dropped their price target on Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Enterprise Financial Services Stock Down 0.2 %

Shares of NASDAQ:EFSC opened at $38.80 on Thursday. The business’s 50 day moving average is $39.35 and its 200 day moving average is $40.03. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 8.31 and a beta of 0.99. Enterprise Financial Services has a 12-month low of $32.97 and a 12-month high of $46.17. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.26 dividend. The ex-dividend date is Friday, June 14th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.68%. Enterprise Financial Services’s payout ratio is presently 21.41%.

Institutional Trading of Enterprise Financial Services

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Enterprise Financial Services by 263.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,469 shares of the bank’s stock valued at $55,000 after buying an additional 1,065 shares during the period. Emerald Advisers LLC bought a new stake in shares of Enterprise Financial Services during the 3rd quarter valued at $67,000. Allspring Global Investments Holdings LLC raised its stake in shares of Enterprise Financial Services by 14.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,686 shares of the bank’s stock valued at $138,000 after purchasing an additional 466 shares during the period. Strs Ohio raised its stake in shares of Enterprise Financial Services by 9.5% during the 4th quarter. Strs Ohio now owns 4,600 shares of the bank’s stock valued at $205,000 after purchasing an additional 400 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Enterprise Financial Services during the 4th quarter valued at $216,000. 72.21% of the stock is currently owned by institutional investors.

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 primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.