$57.95 Million in Sales Expected for Enterprise Financial Services Corp (EFSC) This Quarter

Brokerages predict that Enterprise Financial Services Corp (NASDAQ:EFSC) will announce $57.95 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Enterprise Financial Services’ earnings, with the lowest sales estimate coming in at $57.50 million and the highest estimate coming in at $58.40 million. Enterprise Financial Services posted sales of $54.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, October 22nd.

On average, analysts expect that Enterprise Financial Services will report full-year sales of $230.71 million for the current fiscal year, with estimates ranging from $229.80 million to $231.30 million. For the next financial year, analysts forecast that the company will post sales of $247.03 million, with estimates ranging from $245.80 million to $247.79 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Enterprise Financial Services.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, July 23rd. The bank reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. The business had revenue of $56.74 million for the quarter, compared to the consensus estimate of $56.20 million. Enterprise Financial Services had a return on equity of 13.30% and a net margin of 25.87%.

Several research firms have recently weighed in on EFSC. BidaskClub upgraded Enterprise Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Zacks Investment Research upgraded Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, July 27th. DA Davidson raised their target price on Enterprise Financial Services to $60.00 and gave the company an “in-line” rating in a research report on Wednesday, July 25th. Finally, ValuEngine downgraded Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Enterprise Financial Services has a consensus rating of “Hold” and a consensus price target of $59.83.

In related news, insider Douglas Bauche sold 750 shares of Enterprise Financial Services stock in a transaction that occurred on Wednesday, September 5th. The stock was 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 in the company, valued at $155,168.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in EFSC. Vaughan Nelson Investment Management L.P. purchased a new position in Enterprise Financial Services during the second quarter worth approximately $50,905,000. Earnest Partners LLC lifted its position in Enterprise Financial Services by 90.9% during the first quarter. Earnest Partners LLC now owns 771,522 shares of the bank’s stock worth $36,184,000 after buying an additional 367,285 shares in the last quarter. BlackRock Inc. lifted its position in 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 buying an additional 188,889 shares in the last quarter. New York State Common Retirement Fund lifted its position in Enterprise Financial Services by 56.4% during the first quarter. New York State Common Retirement Fund now owns 226,453 shares of the bank’s stock worth $10,621,000 after buying an additional 81,624 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in 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 buying an additional 75,820 shares in the last quarter. Hedge funds and other institutional investors own 76.27% of the company’s stock.

Shares of NASDAQ EFSC traded down $1.32 during midday trading on Friday, hitting $47.28. The stock had a trading volume of 168,900 shares, compared to its average volume of 107,171. The company has a market cap of $1.15 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.54 and a beta of 0.78. Enterprise Financial Services has a 1 year low of $41.45 and a 1 year high of $58.15. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 1.04.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a dividend of $0.12 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.02%. 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.

See Also: What Does Beta Mean In Stock Selection

Get a free copy of the Zacks research report on Enterprise Financial Services (EFSC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Enterprise Financial Services (NASDAQ:EFSC)

Receive News & Ratings for Enterprise Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply