$61.48 Million in Sales Expected for Enterprise Financial Services Corp (EFSC) This Quarter
Brokerages expect that Enterprise Financial Services Corp (NASDAQ:EFSC) will report $61.48 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Enterprise Financial Services’ earnings, with the highest sales estimate coming in at $66.03 million and the lowest estimate coming in at $57.00 million. Enterprise Financial Services reported sales of $55.71 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.4%. The business is scheduled to announce its next earnings results after the market closes on Monday, April 22nd.
According to Zacks, analysts expect that Enterprise Financial Services will report full year sales of $287.01 million for the current fiscal year, with estimates ranging from $282.00 million to $296.62 million. For the next financial year, analysts expect that the firm will report sales of $310.18 million, with estimates ranging from $302.60 million to $318.13 million. Zacks Investment Research’s sales calculations are an 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 quarterly earnings data on Monday, January 21st. The bank reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.11. Enterprise Financial Services had a return on equity of 14.50% and a net margin of 32.31%. The business had revenue of $61.30 million during the quarter, compared to analyst estimates of $59.43 million.
In other Enterprise Financial Services news, President Scott Richard Goodman sold 1,000 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $46.49, for a total transaction of $46,490.00. Following the completion of the transaction, the president now owns 47,872 shares in the company, valued at approximately $2,225,569.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Enterprise Financial Services by 4.0% in the 4th quarter. BlackRock Inc. now owns 1,754,043 shares of the bank’s stock worth $66,005,000 after buying an additional 67,316 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Enterprise Financial Services by 4.0% in the 3rd quarter. Vanguard Group Inc now owns 1,119,467 shares of the bank’s stock worth $59,388,000 after buying an additional 43,320 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Enterprise Financial Services by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,119,467 shares of the bank’s stock worth $59,388,000 after buying an additional 43,320 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Enterprise Financial Services by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,047,191 shares of the bank’s stock worth $39,406,000 after buying an additional 19,498 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Enterprise Financial Services by 2.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 991,325 shares of the bank’s stock worth $37,303,000 after buying an additional 27,175 shares in the last quarter. 78.47% of the stock is currently owned by institutional investors.
NASDAQ:EFSC opened at $43.36 on Tuesday. Enterprise Financial Services has a 12-month low of $36.09 and a 12-month high of $58.15. The company has a market cap of $1.18 billion, a P/E ratio of 12.01, a P/E/G ratio of 1.20 and a beta of 1.14. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.68.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.13. Enterprise Financial Services’s payout ratio is 15.51%.
About Enterprise Financial Services
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 demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.
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