Equities analysts predict that Enterprise Financial Services Corp (NASDAQ:EFSC) will report $73.54 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Enterprise Financial Services’ earnings, with estimates ranging from $72.20 million to $74.60 million. Enterprise Financial Services reported sales of $56.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.2%. The company is expected to issue its next earnings report on Monday, October 28th.
According to Zacks, analysts expect that Enterprise Financial Services will report full-year sales of $285.29 million for the current year, with estimates ranging from $283.40 million to $287.30 million. For the next financial year, analysts forecast that the company will report sales of $307.86 million, with estimates ranging from $304.30 million to $309.97 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, July 22nd. The bank reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. Enterprise Financial Services had a return on equity of 13.19% and a net margin of 25.85%. The business had revenue of $73.68 million during the quarter, compared to the consensus estimate of $72.27 million.
Shares of NASDAQ:EFSC traded up $0.04 on Thursday, hitting $38.51. The company’s stock had a trading volume of 63,000 shares, compared to its average volume of 103,683. The company has a 50-day simple moving average of $40.57 and a 200 day simple moving average of $42.14. Enterprise Financial Services has a 1 year low of $36.09 and a 1 year high of $58.00. The company has a market capitalization of $1.04 billion, a PE ratio of 10.67, a PEG ratio of 1.10 and a beta of 1.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.95 and a quick ratio of 0.95.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.64 annualized dividend and a dividend yield of 1.66%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.15. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 16.62%.
Several large investors have recently added to or reduced their stakes in the business. Voloridge Investment Management LLC purchased a new position in Enterprise Financial Services during the second quarter valued at $220,000. Nuveen Asset Management LLC purchased a new position in Enterprise Financial Services during the second quarter valued at $5,970,000. UBS Asset Management Americas Inc. raised its stake in Enterprise Financial Services by 24.8% during the second quarter. UBS Asset Management Americas Inc. now owns 19,780 shares of the bank’s stock valued at $823,000 after buying an additional 3,929 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in Enterprise Financial Services by 21.9% during the second quarter. Cubist Systematic Strategies LLC now owns 6,762 shares of the bank’s stock valued at $281,000 after buying an additional 1,217 shares during the last quarter. Finally, Morgan Stanley raised its stake in Enterprise Financial Services by 9.6% during the second quarter. Morgan Stanley now owns 93,634 shares of the bank’s stock valued at $3,895,000 after buying an additional 8,211 shares during the last quarter. 71.54% of the stock is currently owned by hedge funds and other institutional investors.
About Enterprise Financial Services
Enterprise Financial Services Corp operates as the financial 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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