Trade Report: The Q3 2017 EPS Estimates for Enterprise Financial Services Corp. (EFSC) Raised by Analyst

The Q3 2017 EPS Estimates for Enterprise Financial Services Corp. (EFSC) Raised by Analyst

Enterprise Financial Services Corp. (NASDAQ:EFSC) – Research analysts at DA Davidson increased their Q3 2017 earnings per share estimates for shares of Enterprise Financial Services Corp. in a research note issued on Tuesday. DA Davidson analyst J. Rulis now expects that the brokerage will post earnings per share of $0.60 for the quarter, up from their prior estimate of $0.57. DA Davidson currently has a “Neutral” rating and a $34.00 price target on the stock. DA Davidson also issued estimates for Enterprise Financial Services Corp.’s Q4 2017 earnings at $0.64 EPS.

Enterprise Financial Services Corp. (NASDAQ:EFSC) last announced its earnings results on Thursday, July 28th. The company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.04. Enterprise Financial Services Corp. had a return on equity of 12.11% and a net margin of 26.51%.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Enterprise Financial Services Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Enterprise Financial Services Corp. from $30.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Finally, Piper Jaffray Cos. started coverage on shares of Enterprise Financial Services Corp. in a research report on Monday, July 11th. They issued an “overweight” rating and a $31.25 price objective on the stock. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $32.06.

Shares of Enterprise Financial Services Corp. (NASDAQ:EFSC) traded up 1.27% on Thursday, reaching $32.68. 15,789 shares of the company’s stock traded hands. The stock has a market capitalization of $654.19 million, a price-to-earnings ratio of 15.21 and a beta of 0.78. Enterprise Financial Services Corp. has a 52 week low of $25.01 and a 52 week high of $33.37. The stock’s 50-day moving average price is $31.31 and its 200-day moving average price is $28.61.

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Enterprise Financial Services Corp. by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 789,938 shares of the company’s stock valued at $22,031,000 after buying an additional 32,211 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Enterprise Financial Services Corp. by 8.5% in the second quarter. Vanguard Group Inc. now owns 727,524 shares of the company’s stock valued at $20,291,000 after buying an additional 56,951 shares during the last quarter. State Street Corp increased its position in shares of Enterprise Financial Services Corp. by 1.1% in the second quarter. State Street Corp now owns 332,262 shares of the company’s stock valued at $9,267,000 after buying an additional 3,482 shares during the last quarter. Cortina Asset Management LLC increased its position in shares of Enterprise Financial Services Corp. by 9.5% in the second quarter. Cortina Asset Management LLC now owns 207,668 shares of the company’s stock valued at $5,792,000 after buying an additional 18,046 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of Enterprise Financial Services Corp. by 6.4% in the second quarter. Mutual of America Capital Management LLC now owns 143,779 shares of the company’s stock valued at $4,010,000 after buying an additional 8,637 shares during the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a $0.11 dividend. The ex-dividend date was Tuesday, September 13th. This is a positive change from Enterprise Financial Services Corp.’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.36%. Enterprise Financial Services Corp.’s payout ratio is currently 20.47%.

About Enterprise Financial Services Corp.

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