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.
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%.
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Enterprise Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.