Enterprise Financial Services (EFSC) to Release Quarterly Earnings on Monday

Enterprise Financial Services (NASDAQ:EFSC) is set to issue its quarterly earnings data after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, January 22nd. The bank reported $1.21 EPS for the quarter, beating the consensus estimate of $1.19 by $0.02. The firm had revenue of $166.18 million during the quarter, compared to the consensus estimate of $157.53 million. Enterprise Financial Services had a return on equity of 12.54% and a net margin of 23.28%. On average, analysts expect Enterprise Financial Services to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Enterprise Financial Services Price Performance

Enterprise Financial Services stock opened at $39.68 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.49 billion, a PE ratio of 7.81 and a beta of 0.99. Enterprise Financial Services has a 12 month low of $32.97 and a 12 month high of $46.17. The stock has a 50-day moving average price of $39.42 and a two-hundred day moving average price of $39.97.

Enterprise Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 2.52%. Enterprise Financial Services’s dividend payout ratio is presently 19.69%.

Institutional Investors Weigh In On Enterprise Financial Services

Several institutional investors and hedge funds have recently made changes to their positions in EFSC. Comerica Bank acquired a new stake in shares of Enterprise Financial Services in the third quarter valued at about $27,000. Public Employees Retirement System of Ohio grew its stake in Enterprise Financial Services by 48.8% in the third quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock valued at $32,000 after acquiring an additional 237 shares during the period. Lazard Asset Management LLC bought a new position in shares of Enterprise Financial Services in the fourth quarter valued at approximately $45,000. Tower Research Capital LLC TRC lifted its holdings in shares of Enterprise Financial Services by 91.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,204 shares of the bank’s stock valued at $45,000 after purchasing an additional 576 shares in the last quarter. Finally, Dark Forest Capital Management LP lifted its holdings in shares of Enterprise Financial Services by 92.8% in the first quarter. Dark Forest Capital Management LP now owns 1,049 shares of the bank’s stock valued at $47,000 after purchasing an additional 505 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

EFSC has been the subject of several research reports. Keefe, Bruyette & Woods dropped their target price on Enterprise Financial Services from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Piper Sandler decreased their price target on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th.

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.