Corporate Financial Services Company (NASDAQ: EFSC – Get a rating) – Stock analysts DA Davidson cut their fiscal 2022 earnings per share estimates for Enterprise Financial Services in a report released Wednesday, April 27. DA Davidson analyst J. Rulis now expects the bank to earn $4.80 per share for the year, down from his previous estimate of $4.88. DA Davidson also released earnings estimates for Enterprise Financial Services’ fiscal year 2023 at EPS $5.00.
EFSC has been the subject of several other reports. Boenning Scattergood began covering corporate financial services in a Monday, March 21 report. They set an “outperformance” rating on the stock. StockNews.com assumed coverage on corporate financial services in a Thursday, March 31 report. They issued a “holding” rating for the company. Raymond James raised its price target on corporate financials from $54.00 to $58.00 and gave the company an “outperform” rating in a Thursday, Jan. 27, report. To finish, Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a Thursday, March 31 research note.
EFSC action opened at $45.20 on Friday. The company has a market capitalization of $1.71 billion, a PE ratio of 11.59 and a beta of 1.21. Enterprise Financial Services has a 1-year minimum of $42.23 and a 1-year maximum of $51.50. The company has a fifty-day simple moving average of $47.62 and a 200-day simple moving average of $48.11. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt ratio of 0.38.
Business Financial Services (NASDAQ: EFSC – Get a rating) last released its results on Monday, April 25. The bank reported earnings per share (EPS) of $1.23 for the quarter, beating the Zacks consensus estimate of $1.12 by $0.11. Enterprise Financial Services posted a net margin of 29.50% and a return on equity of 13.08%. In the same period a year earlier, the company earned earnings per share of $0.96.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Investors of record on Wednesday, June 15 will receive a dividend of $0.22 per share. This is an increase from Enterprise Financial Services’ previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, June 14. This represents an annualized dividend of $0.88 and a yield of 1.95%. Enterprise Financial Services’ dividend payout ratio is currently 21.54%.
Several institutional investors have recently changed their positions within the EFSC. William Blair Investment Management LLC increased its stake in Enterprise Financial Services by 48,273.2% in Q3. William Blair Investment Management LLC now owns 735,272 shares of the bank valued at $33,293,000 after acquiring an additional 733,752 shares last quarter. Invesco Ltd. raised its position in corporate financial services by 41.3% in the third quarter. Invesco Ltd. now owns 50,645 shares of the bank worth $2,293,000 after purchasing an additional 14,794 shares during the period. Credit Suisse AG increased its stake in Enterprise Financial Services by 24.6% in the third quarter. Credit Suisse AG now owns 49,785 shares in the bank worth $2,254,000 after buying an additional 9,825 shares last quarter. Voya Investment Management LLC increased its stake in Enterprise Financial Services by 34.8% in the third quarter. Voya Investment Management LLC now owns 13,357 shares of the bank valued at $605,000 after purchasing an additional 3,451 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of Enterprise Financial Services by 1.0% in the third quarter. Macquarie Group Ltd. now owns 710,516 shares of the bank valued at $32,172,000 after purchasing an additional 7,088 shares last quarter. Institutional investors and hedge funds hold 64.80% of the company’s shares.
Corporate Financial Services Company Profile (Get a rating)
Enterprise Financial Services Corp operates as a financial holding company for Enterprise Bank & Trust which offers banking and wealth management services to individuals and businesses. The company offers checking, savings and money market accounts, as well as certificates of deposit. It also offers commercial and industrial real estate, commercial, construction and land development, residential real estate, agricultural and consumer loans.
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