DA Davidson Has Strong Estimate for EFSC FY2025 Earnings

Key Points

• DA Davidson has raised its FY2025 earnings estimate for Enterprise Financial Services to $5.45 per share, up from $5.15, maintaining a "Buy" rating and a price target of $65.00.
• Enterprise Financial Services recently reported quarterly earnings of $1.37 per share, exceeding the consensus estimate of $1.20, alongside a strong revenue of $176.05 million for the quarter.
• The company has announced an increase in its quarterly dividend to $0.31 per share, reflecting a commitment to returning value to shareholders.

Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) - Equities research analysts at DA Davidson increased their FY2025 earnings estimates for Enterprise Financial Services in a research report issued to clients and investors on Wednesday, July 30th. DA Davidson analyst J. Rulis now expects that the bank will earn $5.45 per share for the year, up from their prior forecast of $5.15. DA Davidson has a "Buy" rating and a $65.00 price objective on the stock. The consensus estimate for Enterprise Financial Services' current full-year earnings is $4.97 per share. DA Davidson also issued estimates for Enterprise Financial Services' FY2026 earnings at $5.50 EPS.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.17. The firm had revenue of $176.05 million for the quarter, compared to analyst estimates of $166.82 million. Enterprise Financial Services had a net margin of 21.28% and a return on equity of 11.31%.

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods dropped their price target on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen upgraded Enterprise Financial Services from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th.

Enterprise Financial Services Trading Up 0.8%

Shares of EFSC stock traded up $0.45 during trading hours on Friday, hitting $54.69. 75,199 shares of the company's stock traded hands, compared to its average volume of 204,360. The stock has a market cap of $2.02 billion, a PE ratio of 10.37 and a beta of 0.90. The stock's 50 day simple moving average is $55.11 and its 200 day simple moving average is $55.00. Enterprise Financial Services has a 12 month low of $45.22 and a 12 month high of $63.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Enterprise Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new stake in shares of Enterprise Financial Services during the 1st quarter worth approximately $28,000. Summit Securities Group LLC purchased a new position in shares of Enterprise Financial Services in the first quarter valued at about $32,000. Versant Capital Management Inc increased its position in shares of Enterprise Financial Services by 51.7% during the first quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock valued at $42,000 after buying an additional 264 shares during the period. PNC Financial Services Group Inc. grew its holdings in Enterprise Financial Services by 302.5% in the first quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank's stock worth $43,000 after purchasing an additional 596 shares during the period. Finally, USA Financial Formulas purchased a new stake in shares of Enterprise Financial Services during the first quarter valued at approximately $50,000. Institutional investors own 72.21% of the company's stock.

Insider Activity

In other news, Director Michael E. Finn acquired 1,500 shares of the stock in a transaction on Friday, June 6th. The stock was acquired at an average cost of $52.50 per share, for a total transaction of $78,750.00. Following the completion of the transaction, the director directly owned 1,500 shares in the company, valued at approximately $78,750. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James Brian Lally sold 1,828 shares of the company's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $55.16, for a total transaction of $100,832.48. Following the transaction, the chief executive officer owned 100,885 shares of the company's stock, valued at $5,564,816.60. This trade represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,572 shares of company stock worth $472,667 in the last three months. Company insiders own 2.30% of the company's stock.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 2.3%. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.30. Enterprise Financial Services's dividend payout ratio (DPR) is 23.53%.

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 primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.