Enterprise Financial Services (EFSC) Scheduled to Post Quarterly Earnings on Monday

20 Oct 2024, 01:34 by Amy Steele · The Cerbat Gem

Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) will be announcing its earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $1.14 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last released its quarterly earnings results on Monday, July 22nd. The bank reported $1.21 earnings per share (EPS) for the quarter, beating 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 business had revenue of $156.02 million during the quarter, compared to analysts’ expectations of $153.41 million. On average, analysts expect Enterprise Financial Services to post $5 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Enterprise Financial Services Price Performance

EFSC opened at $53.08 on Friday. 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 stock has a market capitalization of $1.99 billion, a P/E ratio of 11.37 and a beta of 0.97. The company’s 50 day simple moving average is $50.93 and its 200-day simple moving average is $44.71. Enterprise Financial Services has a one year low of $32.97 and a one year high of $54.88.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, September 16th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.26. Enterprise Financial Services’s dividend payout ratio is 23.13%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price on shares of Enterprise Financial Services from $45.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th.

Check Out Our Latest Stock Analysis on Enterprise Financial Services

Insider Buying and Selling at Enterprise Financial Services

In related news, Director Richard Sanborn sold 94,815 shares of Enterprise Financial Services stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the transaction, the director now owns 139,460 shares of the company’s stock, valued at $7,493,185.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

About Enterprise Financial Services

(Get Free Report)