Zacks: Brokerages Expect Enterprise Financial Services Corp (EFSC) Will Announce Quarterly Sales of $55.42 Million

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%.

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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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