Enterprise Financial Services Corp to Post FY2022 Earnings of $4.80 Per Share, DA Davidson Forecasts (NASDAQ:EFSC)

Enterprise Financial Services Corp (NASDAQ:EFSCGet Rating) – Stock analysts at DA Davidson reduced their FY2022 earnings per share estimates for Enterprise Financial Services in a report issued on Wednesday, April 27th. DA Davidson analyst J. Rulis now expects that the bank will earn $4.80 per share for the year, down from their previous estimate of $4.88. DA Davidson also issued estimates for Enterprise Financial Services’ FY2023 earnings at $5.00 EPS.

EFSC has been the topic of several other reports. Boenning Scattergood started coverage on Enterprise Financial Services in a report on Monday, March 21st. They set an “outperform” rating on the stock. StockNews.com assumed coverage on Enterprise Financial Services in a report on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James increased their price target on Enterprise Financial Services from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, January 27th. Finally, Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Thursday, March 31st.

EFSC stock opened at $45.20 on Friday. The firm has a market cap of $1.71 billion, a PE ratio of 11.59 and a beta of 1.21. Enterprise Financial Services has a 1 year low of $42.23 and a 1 year high of $51.50. The company has a fifty day simple moving average of $47.62 and a 200 day simple moving average of $48.11. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38.

Enterprise Financial Services (NASDAQ:EFSCGet Rating) last posted its earnings results on Monday, April 25th. The bank reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.11. Enterprise Financial Services had a net margin of 29.50% and a return on equity of 13.08%. During the same period in the previous year, the firm earned $0.96 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be paid a dividend of $0.22 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, June 14th. This represents a $0.88 annualized dividend and a yield of 1.95%. Enterprise Financial Services’s dividend payout ratio is presently 21.54%.

Several institutional investors have recently made changes to their positions in EFSC. William Blair Investment Management LLC raised its holdings in Enterprise Financial Services by 48,273.2% in the 3rd quarter. William Blair Investment Management LLC now owns 735,272 shares of the bank’s stock valued at $33,293,000 after acquiring an additional 733,752 shares in the last quarter. Invesco Ltd. lifted its position in Enterprise Financial Services by 41.3% in the third quarter. Invesco Ltd. now owns 50,645 shares of the bank’s stock worth $2,293,000 after purchasing an additional 14,794 shares during the period. Credit Suisse AG boosted its stake in Enterprise Financial Services by 24.6% during the third quarter. Credit Suisse AG now owns 49,785 shares of the bank’s stock worth $2,254,000 after buying an additional 9,825 shares in the last quarter. Voya Investment Management LLC increased its holdings in Enterprise Financial Services by 34.8% in the 3rd quarter. Voya Investment Management LLC now owns 13,357 shares of the bank’s stock valued at $605,000 after buying an additional 3,451 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Enterprise Financial Services by 1.0% in the 3rd quarter. Macquarie Group Ltd. now owns 710,516 shares of the bank’s stock valued at $32,172,000 after buying an additional 7,088 shares in the last quarter. Institutional investors and hedge funds own 64.80% of the company’s stock.

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

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