Enterprise Financial Services (EFSC) Set to Announce Quarterly Earnings on Monday

Enterprise Financial Services (NASDAQ:EFSC) is scheduled to be posting its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect Enterprise Financial Services to post earnings of $1.14 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate 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 Trading Down 1.4 %

NASDAQ:EFSC opened at $53.08 on Friday. The stock has a market cap of $1.99 billion, a PE ratio of 11.37 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. 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’s 50-day moving average is $50.93 and its two-hundred day moving average is $44.71.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.27 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.26. 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. Enterprise Financial Services’s payout ratio is currently 23.13%.

Analyst Ratings Changes

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

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 94,815 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 139,460 shares in the company, valued at $7,493,185.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is owned by corporate insiders.

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.