Enterprise Financial Services Corp Expected to Post Q2 2024 Earnings of $1.11 Per Share (NASDAQ:EFSC)

Enterprise Financial Services Corp (NASDAQ:EFSC) – Equities researchers at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Enterprise Financial Services in a note issued to investors on Wednesday, April 24th. DA Davidson analyst J. Rulis forecasts that the bank will post earnings of $1.11 per share for the quarter. DA Davidson has a “Buy” rating and a $45.00 price target on the stock. The consensus estimate for Enterprise Financial Services’ current full-year earnings is $4.36 per share. DA Davidson also issued estimates for Enterprise Financial Services’ FY2024 earnings at $4.55 EPS and FY2025 earnings at $4.60 EPS.

Several other equities analysts also recently weighed in on EFSC. Keefe, Bruyette & Woods lowered their target price on Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday. Piper Sandler lowered their price objective on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Enterprise Financial Services Price Performance

NASDAQ EFSC opened at $38.80 on Thursday. The company has a market capitalization of $1.46 billion, a PE ratio of 8.31 and a beta of 0.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 0.92. The business’s fifty day moving average is $39.35 and its 200 day moving average is $40.03. Enterprise Financial Services has a fifty-two week low of $32.97 and a fifty-two week high of $46.17.

Institutional Investors Weigh In On Enterprise Financial Services

A number of hedge funds have recently made changes to their positions in EFSC. Wellington Management Group LLP lifted its position in shares of Enterprise Financial Services by 11.5% in the third quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank’s stock worth $80,437,000 after buying an additional 220,690 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Enterprise Financial Services by 34.3% in the fourth quarter. Jennison Associates LLC now owns 411,256 shares of the bank’s stock worth $18,363,000 after buying an additional 105,004 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Enterprise Financial Services by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank’s stock worth $85,387,000 after buying an additional 99,703 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Enterprise Financial Services by 247.3% during the third quarter. Envestnet Asset Management Inc. now owns 114,782 shares of the bank’s stock worth $4,304,000 after acquiring an additional 81,730 shares during the last quarter. Finally, Enterprise Financial Services Corp increased its stake in Enterprise Financial Services by 16.8% during the fourth quarter. Enterprise Financial Services Corp now owns 404,058 shares of the bank’s stock worth $18,041,000 after acquiring an additional 58,027 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.26 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, June 14th. Enterprise Financial Services’s payout ratio is currently 21.41%.

About Enterprise Financial Services

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.