Wall Street analysts forecast that Enterprise Financial Services Corp (NASDAQ:EFSC) will report sales of $55.42 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Enterprise Financial Services’ earnings. The lowest sales estimate is $54.00 million and the highest is $56.83 million. Enterprise Financial Services reported sales of $45.62 million during the same quarter last year, which indicates a positive year-over-year growth rate of 21.5%. The firm is expected to report its next earnings results on Monday, April 23rd.
On average, analysts expect that Enterprise Financial Services will report full-year sales of $55.42 million for the current fiscal year, with estimates ranging from $228.20 million to $230.11 million. For the next financial year, analysts forecast that the firm will post sales of $243.53 million per share, with estimates ranging from $242.70 million to $244.35 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Enterprise Financial Services.
Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, January 22nd. The bank reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. The firm had revenue of $58.52 million for the quarter, compared to analyst estimates of $56.93 million. Enterprise Financial Services had a return on equity of 11.15% and a net margin of 20.34%.
A number of equities research analysts recently commented on EFSC shares. Zacks Investment Research upgraded Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Thursday, October 26th. Piper Jaffray Companies reiterated a “buy” rating and issued a $54.50 target price on shares of Enterprise Financial Services in a research report on Tuesday, January 9th. ValuEngine lowered Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, BidaskClub upgraded Enterprise Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $50.83.
In other Enterprise Financial Services news, insider Douglas Bauche sold 960 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $44.10, for a total value of $42,336.00. Following the completion of the transaction, the insider now directly owns 679 shares of the company’s stock, valued at $29,943.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Scott Richard Goodman sold 3,700 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $45.85, for a total value of $169,645.00. Following the completion of the transaction, the president now directly owns 38,269 shares of the company’s stock, valued at $1,754,633.65. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.
A number of large investors have recently made changes to their positions in EFSC. Schwab Charles Investment Management Inc. lifted its holdings in Enterprise Financial Services by 8.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 103,846 shares of the bank’s stock valued at $4,237,000 after acquiring an additional 7,682 shares during the period. Teachers Advisors LLC lifted its holdings in Enterprise Financial Services by 7.1% in the second quarter. Teachers Advisors LLC now owns 40,049 shares of the bank’s stock valued at $1,634,000 after acquiring an additional 2,668 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Enterprise Financial Services by 13.0% in the second quarter. TIAA CREF Investment Management LLC now owns 102,304 shares of the bank’s stock valued at $4,174,000 after acquiring an additional 11,766 shares during the period. New York State Common Retirement Fund lifted its holdings in Enterprise Financial Services by 42.7% in the second quarter. New York State Common Retirement Fund now owns 40,757 shares of the bank’s stock valued at $1,663,000 after acquiring an additional 12,198 shares during the period. Finally, Citigroup Inc. lifted its holdings in Enterprise Financial Services by 272.4% in the second quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock valued at $227,000 after acquiring an additional 4,064 shares during the period. 73.07% of the stock is owned by institutional investors.
Shares of Enterprise Financial Services (EFSC) traded up $0.30 during midday trading on Wednesday, reaching $48.10. The company had a trading volume of 59,595 shares, compared to its average volume of 138,769. The stock has a market capitalization of $1,120.00, a price-to-earnings ratio of 23.24, a P/E/G ratio of 1.50 and a beta of 0.92. Enterprise Financial Services has a 52-week low of $36.65 and a 52-week high of $49.67. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.05.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Wednesday, March 14th. Enterprise Financial Services’s payout ratio is presently 21.26%.
COPYRIGHT VIOLATION NOTICE: “Zacks: Brokerages Expect Enterprise Financial Services Corp (EFSC) Will Announce Quarterly Sales of $55.42 Million” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/17/zacks-brokerages-expect-enterprise-financial-services-corp-efsc-will-announce-quarterly-sales-of-55-42-million.html.
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.
Get a free copy of the Zacks research report on Enterprise Financial Services (EFSC)
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.