Enterprise Financial Services Corp (EFSC) Expected to Announce Quarterly Sales of $55.42 Million

Brokerages expect Enterprise Financial Services Corp (NASDAQ:EFSC) to announce sales of $55.42 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Enterprise Financial Services’ earnings, with the lowest sales estimate coming in at $54.00 million and the highest estimate coming in at $56.83 million. Enterprise Financial Services reported sales of $45.62 million in the same quarter last year, which indicates a positive year-over-year growth rate of 21.5%. The company is expected to issue its next quarterly earnings results on Monday, April 23rd.

According to Zacks, analysts expect that Enterprise Financial Services will report full-year sales of $55.42 million for the current financial year, with estimates ranging from $228.20 million to $230.11 million. For the next financial year, analysts anticipate that the company will post sales of $243.53 million per share, with estimates ranging from $242.70 million to $244.35 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that that provide coverage for Enterprise Financial Services.

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Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, January 22nd. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.01. The company had revenue of $58.52 million during the quarter, compared to analyst estimates of $56.93 million. Enterprise Financial Services had a net margin of 20.34% and a return on equity of 11.13%.

A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of Enterprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. Zacks Investment Research lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Finally, Piper Jaffray reissued a “buy” rating and issued a $54.50 target price on shares of Enterprise Financial Services in a report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Enterprise Financial Services has an average rating of “Hold” and a consensus price target of $50.83.

Enterprise Financial Services stock traded up $0.65 during midday trading on Friday, hitting $47.45. The stock had a trading volume of 9,014 shares, compared to its average volume of 118,775. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.99. Enterprise Financial Services has a 52-week low of $36.65 and a 52-week high of $49.97. The firm has a market capitalization of $1,080.95, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.47 and a beta of 0.93.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, March 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 17.05%.

In related news, President Scott Richard Goodman sold 1,200 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $47.55, for a total value of $57,060.00. Following the completion of the transaction, the president now directly owns 41,875 shares of the company’s stock, valued at $1,991,156.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB bought a new stake in Enterprise Financial Services in the fourth quarter worth $241,000. Segall Bryant & Hamill LLC lifted its position in Enterprise Financial Services by 22.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 178,862 shares of the bank’s stock worth $8,076,000 after buying an additional 32,554 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in Enterprise Financial Services in the fourth quarter worth $487,000. Clark Capital Management Group Inc. lifted its position in Enterprise Financial Services by 10.1% in the fourth quarter. Clark Capital Management Group Inc. now owns 46,872 shares of the bank’s stock worth $2,116,000 after buying an additional 4,307 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Enterprise Financial Services by 14.8% in the fourth quarter. Millennium Management LLC now owns 293,598 shares of the bank’s stock worth $13,256,000 after buying an additional 37,929 shares during the last quarter. Institutional investors own 73.17% of the company’s stock.

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About Enterprise Financial Services

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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