$118.39 Million in Sales Expected for Enterprise Financial Services Corp (NASDAQ:EFSC) This Quarter

Wall Street brokerages predict that Enterprise Financial Services Corp (NASDAQ:EFSC – Get Rating) will post sales of $118.39 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Enterprise Financial Services’ earnings. The highest sales estimate is $122.00 million and the lowest is $116.47 million. Enterprise Financial Services reported sales of $97.94 million in the same quarter last year, which would indicate a positive year over year growth rate of 20.9%. The firm is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Enterprise Financial Services will report full year sales of $488.77 million for the current financial year, with estimates ranging from $485.00 million to $496.00 million. For the next year, analysts anticipate that the firm will report sales of $525.00 million, with estimates ranging from $524.31 million to $525.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Enterprise Financial Services.

Enterprise Financial Services (NASDAQ:EFSC – Get Rating) last issued its quarterly earnings results on Monday, April 25th. The bank reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. Enterprise Financial Services had a return on equity of 13.08% and a net margin of 29.50%. During the same quarter last year, the firm posted $0.96 EPS.

A number of equities research analysts recently commented on EFSC shares. StockNews.com initiated coverage on shares of Enterprise Financial Services in a report on Thursday, March 31st. They set a “hold” rating on the stock. Raymond James increased their target price on shares of Enterprise Financial Services from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, January 27th. Boenning Scattergood began coverage on shares of Enterprise Financial Services in a research report on Monday, March 21st. They issued an “outperform” rating for the company. Finally, Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Thursday, March 31st.

Large investors have recently made changes to their positions in the company. UMB Bank N A MO bought a new stake in shares of Enterprise Financial Services in the fourth quarter valued at about $40,000. Rice Hall James & Associates LLC acquired a new stake in shares of Enterprise Financial Services during the 4th quarter worth approximately $204,000. SG Americas Securities LLC bought a new position in shares of Enterprise Financial Services during the third quarter valued at $205,000. Amalgamated Bank acquired a new position in shares of Enterprise Financial Services during the third quarter valued at about $210,000. Finally, Claris Advisors LLC MO bought a new stake in Enterprise Financial Services in the fourth quarter worth about $250,000. Institutional investors own 64.80% of the company’s stock.

Enterprise Financial Services stock opened at $44.28 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. Enterprise Financial Services has a 12 month low of $42.23 and a 12 month high of $51.50. The company’s fifty day simple moving average is $47.73 and its 200-day simple moving average is $48.13. The stock has a market cap of $1.67 billion, a P/E ratio of 11.35 and a beta of 1.21.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Tuesday, June 14th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.21. Enterprise Financial Services’s payout ratio is currently 21.54%.

About Enterprise Financial Services (Get Rating)

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 checking, savings, and money market accounts, and certificates of deposit. It also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.

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