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

Enterprise Financial Services (NASDAQ:EFSC) will issue its quarterly earnings data after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $1.14 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. Enterprise Financial Services had a net margin of 19.61% and a return on equity of 10.95%. The company had revenue of $156.02 million for 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. Enterprise Financial Services has a 12-month low of $32.97 and a 12-month 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 business has a 50 day simple moving average of $50.93 and a 200 day simple moving average of $44.67. The firm has a market capitalization of $1.99 billion, a P/E ratio of 11.37 and a beta of 0.97.

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 given a dividend of $0.27 per share. The ex-dividend date was Monday, September 16th. This represents a $1.08 annualized dividend and a dividend yield of 2.03%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.26. Enterprise Financial Services’s dividend payout ratio is currently 23.13%.

Insider Activity

In related 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 value of $5,094,409.95. Following the completion of the sale, the director now owns 139,460 shares of the company’s stock, valued at $7,493,185.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler boosted 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 note on Wednesday, July 24th.

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.