Enterprise Financial Services (NASDAQ:EFSC – Get Rating) is scheduled to be announcing its earnings results after the market closes on Monday, October 24th. Analysts expect the company to announce earnings of $1.23 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Enterprise Financial Services (NASDAQ:EFSC – Get Rating) last released its quarterly earnings results on Monday, July 25th. The bank reported $1.19 EPS for the quarter, beating the consensus estimate of $1.13 by $0.06. The business had revenue of $123.81 million during the quarter, compared to analyst estimates of $121.82 million. Enterprise Financial Services had a net margin of 31.10% and a return on equity of 13.51%. During the same period in the prior year, the firm posted $1.23 earnings per share. On average, analysts expect Enterprise Financial Services to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Enterprise Financial Services Stock Performance
Shares of Enterprise Financial Services stock opened at $47.57 on Monday. The firm has a market capitalization of $1.77 billion, a P/E ratio of 11.52 and a beta of 1.12. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $46.61 and a 200 day moving average price of $45.08. Enterprise Financial Services has a 52 week low of $39.63 and a 52 week high of $51.50.
Enterprise Financial Services Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, September 14th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 1.93%. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 22.28%.
Analysts Set New Price Targets
A number of brokerages have recently commented on EFSC. Piper Sandler raised their price objective on shares of Enterprise Financial Services to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. StockNews.com cut shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday.
Institutional Investors Weigh In On Enterprise Financial Services
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Enterprise Financial Services by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,826,207 shares of the bank’s stock valued at $86,398,000 after acquiring an additional 10,203 shares during the period. Dimensional Fund Advisors LP grew its stake in Enterprise Financial Services by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,116,234 shares of the bank’s stock valued at $52,810,000 after acquiring an additional 25,403 shares during the period. State Street Corp lifted its holdings in Enterprise Financial Services by 5.4% in the 1st quarter. State Street Corp now owns 1,076,939 shares of the bank’s stock valued at $50,950,000 after purchasing an additional 55,090 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Enterprise Financial Services by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 280,785 shares of the bank’s stock valued at $13,284,000 after purchasing an additional 15,895 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Enterprise Financial Services by 3.0% in the 1st quarter. JPMorgan Chase & Co. now owns 276,485 shares of the bank’s stock valued at $13,080,000 after purchasing an additional 8,156 shares in the last quarter. Institutional investors and hedge funds own 69.03% of the company’s stock.
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 checking, savings, and money market accounts, and certificates of deposit. It also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Enterprise Financial Services, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Enterprise Financial Services wasn’t on the list.
While Enterprise Financial Services currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
