Enterprise Financial Services Co. (NASDAQ:EFSC) – DA Davidson upped their Q4 2018 earnings estimates for Enterprise Financial Services in a research note issued to investors on Wednesday, April 25th. DA Davidson analyst J. Rulis now anticipates that the bank will earn $0.96 per share for the quarter, up from their previous forecast of $0.95.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, April 23rd. The bank reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Enterprise Financial Services had a return on equity of 12.25% and a net margin of 22.60%. The firm had revenue of $55.71 million for the quarter, compared to analysts’ expectations of $55.51 million.

EFSC has been the topic of several other research reports. Zacks Investment Research raised Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Thursday. BidaskClub raised Enterprise Financial Services from a “buy” rating to a “strong-buy” rating in a report on Thursday. Piper Jaffray reissued a “buy” rating and set a $54.50 target price on shares of Enterprise Financial Services in a report on Tuesday, January 9th. Finally, ValuEngine raised Enterprise Financial Services from a “hold” rating to a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $52.50.

Shares of NASDAQ:EFSC opened at $50.85 on Thursday. Enterprise Financial Services has a 12 month low of $36.65 and a 12 month high of $51.13. The company has a market cap of $1,174.49, a P/E ratio of 17.78, a PEG ratio of 1.59 and a beta of 0.93. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.99.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.44 annualized dividend and a yield of 0.87%. Enterprise Financial Services’s dividend payout ratio (DPR) is 17.05%.

In other Enterprise Financial Services news, President Scott Richard Goodman sold 1,200 shares of Enterprise Financial Services stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $47.55, for a total value of $57,060.00. Following the transaction, the president now owns 41,875 shares in the company, valued at $1,991,156.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Enterprise Financial Services by 2.1% in the fourth quarter. BlackRock Inc. now owns 1,416,134 shares of the bank’s stock worth $63,940,000 after buying an additional 28,925 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Enterprise Financial Services by 6.8% in the third quarter. Dimensional Fund Advisors LP now owns 988,194 shares of the bank’s stock worth $41,850,000 after buying an additional 63,020 shares during the last quarter. Thrivent Financial For Lutherans grew its position in Enterprise Financial Services by 3.5% in the fourth quarter. Thrivent Financial For Lutherans now owns 415,755 shares of the bank’s stock worth $18,771,000 after buying an additional 13,925 shares during the last quarter. Earnest Partners LLC acquired a new position in Enterprise Financial Services in the fourth quarter worth approximately $18,251,000. Finally, Millennium Management LLC grew its position in Enterprise Financial Services by 14.8% in the fourth quarter. Millennium Management LLC now owns 293,598 shares of the bank’s stock worth $13,256,000 after buying an additional 37,929 shares during the last quarter. Hedge funds and other institutional investors own 72.92% of the company’s stock.

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.

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

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