DA Davidson Has Bullish Estimate for EFSC FY2024 Earnings

Enterprise Financial Services Corp (NASDAQ:EFSC) – Equities researchers at DA Davidson boosted their FY2024 earnings per share (EPS) estimates for Enterprise Financial Services in a report issued on Wednesday, October 23rd. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $4.80 for the year, up from their previous forecast 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 boosted their price target on Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday.

Enterprise Financial Services Trading Up 0.2 %

Enterprise Financial Services stock opened at $53.10 on Friday. The stock has a market capitalization of $1.99 billion, a PE ratio of 11.37 and a beta of 0.97. 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’s fifty day moving average is $51.27 and its 200 day moving average is $45.05. Enterprise Financial Services has a one year low of $32.97 and a one year high of $54.88.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.21 EPS for the quarter, beating 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 company had revenue of $156.02 million for the quarter, compared to analysts’ expectations of $153.41 million.

Hedge Funds Weigh In On Enterprise Financial Services

A number of institutional investors have recently bought and sold shares of the stock. Semanteon Capital Management LP bought a new stake in shares of Enterprise Financial Services during the 3rd quarter valued at $267,000. DekaBank Deutsche Girozentrale lifted its position in shares of Enterprise Financial Services by 55.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 10,317 shares of the bank’s stock worth $513,000 after buying an additional 3,691 shares in the last quarter. Creative Planning lifted its position in shares of Enterprise Financial Services by 18.4% in the third quarter. Creative Planning now owns 43,832 shares of the bank’s stock worth $2,247,000 after buying an additional 6,802 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enterprise Financial Services in the third quarter worth about $522,000. Finally, Point72 Asset Management L.P. lifted its position in shares of Enterprise Financial Services by 61.9% in the second quarter. Point72 Asset Management L.P. now owns 9,391 shares of the bank’s stock worth $384,000 after buying an additional 3,591 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

Enterprise Financial Services Increases Dividend

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

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.