Brokerages expect Enterprise Financial Services Corp (NASDAQ: EFSC) to report earnings per share (EPS) of $ 1.11 for the current quarter, according to Zacks investment research. Three analysts made estimates for Enterprise Financial Services revenue, with estimates ranging from $ 1.04 to $ 1.18. Enterprise Financial Services posted earnings per share of $ 0.56 in the same quarter last year, which would indicate a positive year-over-year growth rate of 98.2%. The company is expected to release its next quarterly results on Monday, July 19.
On average, analysts expect Enterprise Financial Services to report annual profit of $ 4.21 per share for the current year, with EPS estimates ranging from $ 3.82 to $ 4.49. For the next fiscal year, analysts expect the company to report earnings of $ 4.07 per share, with EPS estimates ranging from $ 3.95 to $ 4.15. Zacks’ EPS calculations are an average based on a survey of analysts who provide coverage for corporate financial services.
Enterprise Financial Services (NASDAQ: EFSC) last released its quarterly results on Sunday, April 25. The bank reported EPS of $ 0.96 for the quarter, beating analyst consensus estimates of $ 0.88 by $ 0.08. The company posted revenue of $ 90.41 million for the quarter, compared to analysts’ estimates of $ 95.14 million. Enterprise Financial Services recorded a return on equity of 9.33% and a net margin of 25.02%.
Separately, Zacks investment research downgraded corporate financial services from a âholdâ rating to a âbuyâ rating and set a price target of $ 56.00 for the company in a research report released Wednesday.
In addition, director Richard Sanborn sold 1,000 shares of Enterprise Financial Services in a transaction on Tuesday March 16. The stock was sold for an average price of $ 48.06, for a total value of $ 48,060.00. As a result of the transaction, the director now owns 103,214 shares of the company, valued at approximately $ 4,960,464.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In addition, director John S. Eulich acquired 7,500 shares of the company in a transaction that took place on Tuesday, May 4. The shares were purchased at an average cost of $ 49.79 per share, for a total transaction of $ 373,425.00. Following the acquisition, the director now owns 9,043 shares of the company, valued at $ 450,250.97. Disclosure of this purchase can be found here. 8.40% of the shares are currently held by insiders of the company.
A number of institutional investors and hedge funds have recently changed their positions in the company. Parkside Financial Bank & Trust increased its stake in the shares of Enterprise Financial Services by 3.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 12,121 shares of the bank valued at $ 424,000 after purchasing an additional 413 shares during the period. Captrust Financial Advisors increased its stake in Enterprise Financial Services by 446.2% during the 1st quarter. Captrust Financial Advisors now owns 579 shares of the bank valued at $ 29,000 after purchasing an additional 473 shares in the last quarter. Financial Counselors Inc. increased its stake in the shares of Enterprise Financial Services by 1.0% in the 1st quarter. Financial Counselors Inc. now owns 49,899 shares of the bank valued at $ 2,467,000 after purchasing an additional 500 shares in the last quarter. IndexIQ Advisors LLC increased its stake in shares of Enterprise Financial Services by 7.0% in the 1st quarter. IndexIQ Advisors LLC now owns 8,027 shares of the bank valued at $ 397,000 after purchasing an additional 523 shares in the last quarter. Finally, US Bancorp DE increased its stake in Enterprise Financial Services shares by 13.4% in the 4th quarter. US Bancorp DE now owns 4,517 shares of the bank valued at $ 158,000 after purchasing an additional 534 shares in the last quarter. 70.59% of the shares are currently held by hedge funds and other institutional investors.
Actions of EFSC opened for $ 47.97 on Friday. The company has a 50-day moving average of $ 49.40. The stock has a market cap of $ 1.50 billion, a PE ratio of 14.99 and a beta of 1.40. Enterprise Financial Services has a one-year minimum at $ 25.21 and a one-year maximum at $ 52.00. The company has a leverage ratio of 0.42, a current ratio of 0.94, and a quick ratio of 0.94.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30. Shareholders of record on Tuesday, June 15 will receive a dividend of $ 0.18. The ex-dividend date for this dividend is Monday, June 14. This represents an annualized dividend of $ 0.72 and a dividend yield of 1.50%. Enterprise Financial Services’ dividend payout ratio (DPR) is currently 26.09%.
About business financial services
Enterprise Financial Services Corp operates as a financial holding company for Enterprise Bank & Trust which provides banking and wealth management services to individuals and businesses. The company offers checking, savings and money market accounts, as well as certificates of deposit. It also provides commercial and industrial loans, commercial real estate, construction and land development loans, residential, agricultural and consumer real estate loans.
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