Zacks: Analysts Expect Enterprise Financial Services Corporation (EFSC) Will Announce Earnings of $0.76 Per Share

Equities research analysts predict that Enterprise Financial Services Corporation (NASDAQ:EFSC) will announce $0.76 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Enterprise Financial Services Corporation’s earnings. The lowest EPS estimate is $0.73 and the highest is $0.80. Enterprise Financial Services Corporation reported earnings per share of $0.67 during the same quarter last year, which indicates a positive year over year growth rate of 13.4%. The firm is scheduled to report its next quarterly earnings results on Monday, January 22nd.

On average, analysts expect that Enterprise Financial Services Corporation will report full-year earnings of $2.52 per share for the current financial year, with EPS estimates ranging from $2.49 to $2.55. For the next financial year, analysts forecast that the business will post earnings of $3.01 per share, with EPS estimates ranging from $2.97 to $3.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Enterprise Financial Services Corporation.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last posted its earnings results on Monday, October 23rd. The bank reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. Enterprise Financial Services Corporation had a net margin of 24.73% and a return on equity of 11.15%. The company had revenue of $54.00 million for the quarter, compared to analysts’ expectations of $54.11 million.

A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Enterprise Financial Services Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Thursday, October 26th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $49.00 target price on shares of Enterprise Financial Services Corporation in a research report on Friday, October 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 target price on shares of Enterprise Financial Services Corporation in a research report on Tuesday, October 3rd. Finally, BidaskClub cut shares of Enterprise Financial Services Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th.

In other Enterprise Financial Services Corporation news, insider Douglas Bauche sold 1,200 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $38.11, for a total transaction of $45,732.00. Following the sale, the insider now directly owns 1,639 shares in the company, valued at $62,462.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of EFSC. Thrivent Financial For Lutherans purchased a new stake in Enterprise Financial Services Corporation during the second quarter worth about $13,219,000. State Street Corp increased its stake in shares of Enterprise Financial Services Corporation by 73.1% during the second quarter. State Street Corp now owns 645,810 shares of the bank’s stock worth $26,349,000 after buying an additional 272,775 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Enterprise Financial Services Corporation by 113.5% during the second quarter. Ameriprise Financial Inc. now owns 257,415 shares of the bank’s stock worth $10,503,000 after buying an additional 136,839 shares during the period. Phocas Financial Corp. increased its stake in shares of Enterprise Financial Services Corporation by 114.1% during the second quarter. Phocas Financial Corp. now owns 243,246 shares of the bank’s stock worth $9,924,000 after buying an additional 129,651 shares during the period. Finally, Kennedy Capital Management Inc. increased its stake in shares of Enterprise Financial Services Corporation by 36.5% during the second quarter. Kennedy Capital Management Inc. now owns 426,541 shares of the bank’s stock worth $17,403,000 after buying an additional 114,118 shares during the period. Institutional investors own 73.44% of the company’s stock.

Enterprise Financial Services Corporation (NASDAQ:EFSC) traded up $0.25 during midday trading on Friday, reaching $43.25. 27,768 shares of the company’s stock were exchanged, compared to its average volume of 115,504. Enterprise Financial Services Corporation has a 52 week low of $36.65 and a 52 week high of $46.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $991.79, a PE ratio of 17.09, a P/E/G ratio of 1.89 and a beta of 0.89.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.02%. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is presently 18.18%.

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About Enterprise Financial Services Corporation

Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.

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

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