Zacks: Brokerages Expect Enterprise Financial Services Corp (NASDAQ:EFSC) Will Post Quarterly Sales of $76.60 Million

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Wall Street brokerages expect Enterprise Financial Services Corp (NASDAQ:EFSC) to announce $76.60 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Enterprise Financial Services’ earnings, with the lowest sales estimate coming in at $75.80 million and the highest estimate coming in at $77.80 million. Enterprise Financial Services reported sales of $61.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The business is expected to report its next earnings report on Monday, January 20th.

According to Zacks, analysts expect that Enterprise Financial Services will report full-year sales of $288.30 million for the current fiscal year, with estimates ranging from $286.30 million to $290.40 million. For the next fiscal year, analysts forecast that the company will post sales of $303.40 million, with estimates ranging from $299.00 million to $306.60 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Enterprise Financial Services.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Enterprise Financial Services had a net margin of 25.84% and a return on equity of 13.30%. The company had revenue of $76.61 million during the quarter, compared to analysts’ expectations of $73.87 million.

Several equities analysts have recently commented on the stock. Raymond James assumed coverage on shares of Enterprise Financial Services in a report on Thursday, September 19th. They issued an “outperform” rating and a $48.00 target price on the stock. Zacks Investment Research raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. BidaskClub raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, ValuEngine raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Friday, November 1st.

NASDAQ EFSC traded up $0.04 during trading hours on Thursday, reaching $45.66. 42,700 shares of the company’s stock traded hands, compared to its average volume of 103,389. Enterprise Financial Services has a 52-week low of $36.09 and a 52-week high of $47.03. The firm has a 50-day simple moving average of $42.08 and a 200 day simple moving average of $41.12. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $1.22 billion, a PE ratio of 12.65 and a beta of 1.15.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.17 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.49%. Enterprise Financial Services’s dividend payout ratio is presently 17.73%.

A number of institutional investors have recently added to or reduced their stakes in EFSC. Peregrine Capital Management LLC purchased a new stake in Enterprise Financial Services during the second quarter valued at $8,216,000. HGK Asset Management Inc. raised its stake in Enterprise Financial Services by 19.5% during the second quarter. HGK Asset Management Inc. now owns 10,324 shares of the bank’s stock valued at $429,000 after purchasing an additional 1,687 shares in the last quarter. Rothschild & Co. Asset Management US Inc. raised its stake in Enterprise Financial Services by 7.0% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 268,140 shares of the bank’s stock valued at $11,155,000 after purchasing an additional 17,612 shares in the last quarter. Creative Planning raised its stake in Enterprise Financial Services by 17.6% during the second quarter. Creative Planning now owns 46,806 shares of the bank’s stock valued at $1,947,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management raised its stake in Enterprise Financial Services by 11.1% during the second quarter. Mesirow Financial Investment Management Equity Management now owns 158,135 shares of the bank’s stock valued at $6,578,000 after purchasing an additional 15,845 shares in the last quarter. 72.71% of the stock is currently owned by institutional investors.

Enterprise Financial Services Company Profile

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

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