Equities research analysts expect Enterprise Financial Services Corp (NASDAQ:EFSC) to report $73.54 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Enterprise Financial Services’ earnings, with the highest sales estimate coming in at $74.60 million and the lowest estimate coming in at $72.20 million. Enterprise Financial Services reported sales of $56.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.2%. The business is scheduled to issue its next quarterly earnings results on Monday, October 28th.

On average, analysts expect that Enterprise Financial Services will report full year sales of $285.29 million for the current year, with estimates ranging from $283.40 million to $287.30 million. For the next year, analysts forecast that the firm will report sales of $307.86 million, with estimates ranging from $304.30 million to $309.97 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Enterprise Financial Services.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. The business had revenue of $73.68 million during the quarter, compared to the consensus estimate of $72.27 million. Enterprise Financial Services had a net margin of 25.85% and a return on equity of 13.19%.

EFSC has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. BidaskClub downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Enterprise Financial Services presently has an average rating of “Hold” and a consensus target price of $53.33.

A number of large investors have recently bought and sold shares of EFSC. Patriot Financial Partners GP LP purchased a new position in Enterprise Financial Services during the 1st quarter valued at about $40,623,000. Earnest Partners LLC increased its holdings in Enterprise Financial Services by 54.5% during the 2nd quarter. Earnest Partners LLC now owns 1,569,522 shares of the bank’s stock valued at $65,292,000 after acquiring an additional 553,566 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in Enterprise Financial Services by 58.1% during the 1st quarter. Enterprise Financial Services Corp now owns 563,235 shares of the bank’s stock valued at $22,963,000 after acquiring an additional 207,078 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in Enterprise Financial Services during the 2nd quarter valued at about $8,216,000. Finally, BlackRock Inc. boosted its stake in shares of Enterprise Financial Services by 4.0% during the 2nd quarter. BlackRock Inc. now owns 1,813,869 shares of the bank’s stock worth $75,459,000 after purchasing an additional 69,973 shares during the last quarter. Hedge funds and other institutional investors own 71.54% of the company’s stock.

Shares of EFSC traded up $0.50 during trading hours on Thursday, reaching $39.33. The company had a trading volume of 60,300 shares, compared to its average volume of 103,903. The firm has a 50 day moving average of $40.64. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.06 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 1.11 and a beta of 1.13. Enterprise Financial Services has a 12-month low of $36.09 and a 12-month high of $58.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.16 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, September 12th. Enterprise Financial Services’s dividend payout ratio (DPR) is 16.62%.

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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Earnings History and Estimates for Enterprise Financial Services (NASDAQ:EFSC)

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