Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) – Equities research analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Enterprise Financial Services in a research note issued on Wednesday, October 23rd. DA Davidson analyst J. Rulis expects that the bank will earn $1.23 per share for the quarter. The consensus estimate for Enterprise Financial Services’ current full-year earnings is $4.58 per share.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%. The firm had revenue of $156.02 million during the quarter, compared to analyst estimates of $153.41 million.
View Our Latest Report on EFSC
Enterprise Financial Services Stock Performance
NASDAQ EFSC opened at $53.10 on Thursday. The company’s 50 day simple moving average is $51.27 and its two-hundred day simple moving average is $45.05. Enterprise Financial Services has a 1 year low of $32.97 and a 1 year high of $54.88. The stock has a market capitalization of $1.99 billion, a PE ratio of 11.37 and a beta of 0.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92.
Hedge Funds Weigh In On Enterprise Financial Services
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Enterprise Financial Services by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,020,424 shares of the bank’s stock worth $81,948,000 after acquiring an additional 25,576 shares in the last quarter. Jennison Associates LLC grew its stake in Enterprise Financial Services by 11.6% in the first quarter. Jennison Associates LLC now owns 459,161 shares of the bank’s stock worth $18,624,000 after purchasing an additional 47,905 shares during the period. Dimensional Fund Advisors LP grew its stake in Enterprise Financial Services by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank’s stock worth $85,257,000 after purchasing an additional 71,502 shares during the period. American Century Companies Inc. lifted its position in Enterprise Financial Services by 19.1% during the second quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock valued at $26,816,000 after buying an additional 104,960 shares during the period. Finally, Earnest Partners LLC lifted its position in Enterprise Financial Services by 3.2% during the second quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank’s stock valued at $80,019,000 after buying an additional 59,809 shares during the period. 72.21% of the stock is owned by institutional investors.
Enterprise Financial Services Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.28 per share. The ex-dividend date is Monday, December 16th. This represents a $1.12 annualized dividend and a dividend yield of 2.11%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.27. Enterprise Financial Services’s payout ratio is currently 23.98%.
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.
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