DA Davidson Analysts Increase Earnings Estimates for EFSC

Enterprise Financial Services Corp (NASDAQ:EFSC) – Research analysts at DA Davidson upped their FY2024 earnings per share estimates for shares of Enterprise Financial Services in a research note issued to investors on Wednesday, October 23rd. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $4.80 per share for the year, up from their prior 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.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. The firm had revenue of $156.02 million during the quarter, compared to analyst estimates 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 price objective 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 Stock Performance

NASDAQ:EFSC opened at $53.10 on Friday. The firm 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 quick ratio of 0.92 and a current ratio of 0.92. The business has a 50 day moving average price of $51.27 and a 200-day moving average price of $45.05.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. Enterprise Financial Services’s dividend payout ratio is currently 23.98%.

Hedge Funds Weigh In On Enterprise Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Enterprise Financial Services by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,020,424 shares of the bank’s stock valued at $81,948,000 after acquiring an additional 25,576 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Enterprise Financial Services by 11.6% during the first quarter. Jennison Associates LLC now owns 459,161 shares of the bank’s stock valued at $18,624,000 after acquiring an additional 47,905 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Enterprise Financial Services by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank’s stock valued at $85,257,000 after acquiring an additional 71,502 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Enterprise Financial Services by 19.1% during the second quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock valued at $26,816,000 after acquiring an additional 104,960 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in shares of Enterprise Financial Services by 3.2% during the second quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank’s stock valued at $80,019,000 after acquiring an additional 59,809 shares in the last quarter. 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.