FY2024 Earnings Forecast for EFSC Issued By DA Davidson

Enterprise Financial Services Corp (NASDAQ:EFSC) – Stock analysts at DA Davidson lifted their FY2024 earnings per share 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 now expects that the bank will post earnings of $4.80 per share for the year, up from their previous estimate of $4.60. The consensus estimate for Enterprise Financial Services’ current full-year earnings is $4.58 per share. DA Davidson also issued estimates for Enterprise Financial Services’ FY2025 earnings at $4.50 EPS.

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

Enterprise Financial Services Trading Down 2.7 %

Shares of EFSC opened at $51.67 on Friday. The stock has a fifty day moving average price of $51.30 and a two-hundred day moving average price of $45.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. Enterprise Financial Services has a 52-week low of $33.27 and a 52-week high of $54.88. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 11.06 and a beta of 0.97.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.28 per share. The ex-dividend date is Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. Enterprise Financial Services’s payout ratio is presently 23.98%.

Institutional Investors Weigh In On Enterprise Financial Services

A number of institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in shares of Enterprise Financial Services during the second quarter worth $29,000. Innealta Capital LLC acquired a new stake in shares of Enterprise Financial Services during the second quarter worth $31,000. EntryPoint Capital LLC grew its stake in shares of Enterprise Financial Services by 87.4% during the first quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock worth $159,000 after purchasing an additional 1,831 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Enterprise Financial Services by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock worth $178,000 after purchasing an additional 370 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Enterprise Financial Services during the first quarter worth $178,000. 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.