enterprise

FY2019 Earnings Forecast for Enterprise Financial Services Corp (EFSC) Issued By FIG Partners – Fairfield Current


Enterprise Financial Services Corp (NASDAQ:EFSC) – Research analysts at FIG Partners lifted their FY2019 earnings per share (EPS) estimates for Enterprise Financial Services in a research note issued on Tuesday, January 22nd, Zacks Investment Research reports. FIG Partners analyst B. Martin now expects that the bank will post earnings of $3.84 per share for the year, up from their previous forecast of $3.80. FIG Partners has a “Outperform” rating on the stock.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Thursday, October 25th. Piper Jaffray Companies set a $52.00 target price on Enterprise Financial Services and gave the stock a “buy” rating in a research report on Wednesday, October 24th. ValuEngine upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. BidaskClub upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Finally, Keefe, Bruyette & Woods upgraded Enterprise Financial Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $57.00 to $60.00 in a research report on Monday, November 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $55.25.

EFSC traded down $0.75 during trading on Thursday, reaching $43.66. 45,800 shares of the stock were exchanged, compared to its average volume of 122,100. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.22 and a beta of 1.14. Enterprise Financial Services has a 1 year low of $36.09 and a 1 year high of $58.15.

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Several large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of Enterprise Financial Services by 18.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the bank’s stock valued at $54,000 after acquiring an additional 227 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Enterprise Financial Services by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 15,218 shares of the bank’s stock valued at $573,000 after acquiring an additional 594 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Enterprise Financial Services by 5.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 14,179 shares of the bank’s stock valued at $534,000 after acquiring an additional 753 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Enterprise Financial Services by 14.9% in the fourth quarter. SG Americas Securities LLC now owns 7,970 shares of the bank’s stock valued at $300,000 after acquiring an additional 1,035 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of Enterprise Financial Services by 2.5% in the third quarter. Teachers Advisors LLC now owns 43,846 shares of the bank’s stock valued at $2,326,000 after acquiring an additional 1,063 shares in the last quarter. Institutional investors and hedge funds own 77.99% of the company’s stock.

In other news, President Scott Richard Goodman sold 1,000 shares of the company’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $38.05, for a total value of $38,050.00. Following the sale, the president now directly owns 46,438 shares in the company, valued at $1,766,965.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by corporate insiders.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a $0.14 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, March 14th. Enterprise Financial Services’s dividend payout ratio is currently 14.40%.

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. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.

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Earnings History and Estimates for Enterprise Financial Services (NASDAQ:EFSC)

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