What is DA Davidson's Estimate for EFSC Q4 Earnings?

Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) - Equities researchers at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of Enterprise Financial Services in a research report issued to clients and investors on Wednesday, October 23rd. DA Davidson analyst J. Rulis forecasts that the bank will post earnings of $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. The company had revenue of $156.02 million during the quarter, compared to analysts' expectations of $153.41 million. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%.

Separately, Piper Sandler boosted their price objective on Enterprise Financial Services from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday.

Enterprise Financial Services Price Performance

EFSC stock traded up $0.10 during midday trading on Thursday, reaching $53.10. 131,367 shares of the stock were exchanged, compared to its average volume of 143,564. The stock has a market capitalization of $1.99 billion, a PE ratio of 11.35 and a beta of 0.97. Enterprise Financial Services has a 52 week low of $32.97 and a 52 week high of $54.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92. The company has a fifty day moving average price of $51.19 and a 200 day moving average price of $45.00.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.27. Enterprise Financial Services's payout ratio is 23.98%.

Institutional Investors Weigh In On Enterprise Financial Services

A number of institutional investors have recently made changes to their positions in EFSC. Vanguard Group Inc. boosted its position in shares of Enterprise Financial Services by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,020,424 shares of the bank's stock valued at $81,948,000 after purchasing an additional 25,576 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Enterprise Financial Services by 11.6% during the 1st quarter. Jennison Associates LLC now owns 459,161 shares of the bank's stock valued at $18,624,000 after purchasing an additional 47,905 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Enterprise Financial Services by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank's stock valued at $85,257,000 after purchasing an additional 71,502 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Enterprise Financial Services by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 655,490 shares of the bank's stock valued at $26,816,000 after purchasing an additional 104,960 shares in the last quarter. Finally, Earnest Partners LLC boosted its position in shares of Enterprise Financial Services by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank's stock valued at $80,019,000 after purchasing an additional 59,809 shares in the last quarter. Institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Company Profile

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.