Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) - Equities research analysts at DA Davidson decreased their Q3 2024 earnings estimates for shares of Enterprise Financial Services in a research note issued on Thursday, October 3rd. DA Davidson analyst J. Rulis now expects that the bank will earn $1.14 per share for the quarter, down from their prior estimate of $1.15. The consensus estimate for Enterprise Financial Services' current full-year earnings is $4.60 per share.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.15. The business had revenue of $156.02 million for the quarter, compared to analysts' expectations of $153.41 million. Enterprise Financial Services had a net margin of 19.61% and a return on equity of 10.95%.
Separately, Piper Sandler raised their price target on Enterprise Financial Services from $45.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th.
Get Our Latest Stock Analysis on Enterprise Financial Services
Enterprise Financial Services Stock Performance
Shares of EFSC stock traded up $0.75 during trading hours on Friday, reaching $49.94. 115,661 shares of the company's stock were exchanged, compared to its average volume of 144,202. The business has a fifty day moving average price of $50.80 and a 200-day moving average price of $43.78. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.87 billion, a P/E ratio of 10.66 and a beta of 0.97. Enterprise Financial Services has a fifty-two week low of $32.97 and a fifty-two week high of $54.88.
Enterprise Financial Services Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.27 per share. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.16%. Enterprise Financial Services's dividend payout ratio is 23.13%.
Insider Buying and Selling
In other news, Director Richard Sanborn sold 94,815 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the transaction, the director now directly owns 139,460 shares of the company's stock, valued at $7,493,185.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in EFSC. nVerses Capital LLC bought a new stake in Enterprise Financial Services in the second quarter worth about $29,000. Innealta Capital LLC purchased a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at approximately $31,000. EntryPoint Capital LLC grew its stake in shares of Enterprise Financial Services by 87.4% in the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank's stock valued at $159,000 after buying an additional 1,831 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Enterprise Financial Services by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank's stock worth $178,000 after acquiring an additional 370 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Enterprise Financial Services during the 1st quarter worth $178,000. Hedge funds and other institutional investors own 72.21% of the company's stock.
About Enterprise Financial Services
(
Get Free Report)
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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