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%.
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.
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