Q4 Earnings Forecast for EFSC Issued By DA Davidson

Enterprise Financial Services Corp (NASDAQ:EFSC) – Stock analysts 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 earn $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) last issued its earnings results on Monday, July 22nd. The bank reported $1.21 earnings per share for the quarter, beating the consensus estimate 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 increased their target price on Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday.

Enterprise Financial Services Trading Up 0.0 %

Shares of EFSC stock opened at $53.00 on Thursday. 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 1-year low of $32.97 and a 1-year high of $54.88. The business has a 50-day moving average of $51.19 and a 200 day moving average of $45.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EFSC. Dimensional Fund Advisors LP increased its position in 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 buying an additional 71,502 shares in the last quarter. Vanguard Group Inc. boosted its stake in 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 during the last quarter. Earnest Partners LLC boosted its stake in shares of Enterprise Financial Services by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank’s stock worth $80,019,000 after buying an additional 59,809 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Enterprise Financial Services by 19.1% in the 2nd quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock worth $26,816,000 after buying an additional 104,960 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Enterprise Financial Services by 11.6% in the 1st quarter. Jennison Associates LLC now owns 459,161 shares of the bank’s stock worth $18,624,000 after buying an additional 47,905 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Increases Dividend

The firm 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 dividend of $0.28 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a yield of 2.11%. Enterprise Financial Services’s dividend payout ratio is presently 23.98%.

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.