Enterprise Financial Services Corporation (NASDAQ:EFSC) provider of banking and wealth management services, is expected to report third quarter earnings results, after market close, on Monday 19th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.91 per share.
Looking ahead, the full year income are expected at $ 2.90 per share on the revenues of $ 316.30 million.
Previous Quarter Performance
Enterprise Financial Services Corporation came out with income for the second quarter of $ 0.56 per share, from the revenue of $ 75.79 million. The quarterly earnings dropped 42.86 percent compared with the same quarter last year. The consensus estimates are income of $ 0.53 per share from $ 75.87 million in revenue. The bottom line results beat street analysts by $ 0.03 or 5.66 percent, at the same time, top line results fell short of analysts by $ 0.08 million or 0.11 percent.
Stock Performance
On Friday, shares of Enterprise Financial Services Corporation has traded high as $ 30.61 and has cracked $ 29.57 on the downward trend, reaching $ 30.52 with volume of 73.10 thousand shares.
According to the previous trading day, closing price of $ 30.52, representing a 38.71 % increase from the 52 week low of $ 21.70 and a 38.33 % decrease over the 52 week high of $ 48.81.
The company has a market capital of $ 799.92 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 24th August 2020, maintained by Raymond James at Outperform rating, with $ 35.00 target price.
Recent Stock Dividend Announcement
On July 20, 2020, the board of directors authorized quarterly dividend of $ 0.18 per share to holders of record as of the close of business on September 15, 2020, with payment date of September 30, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Enterprise Financial Services Corporation will be hosting a conference call at 11:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.enterprisebank.com
Enterprise Financial Services Corp operates as the financial 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. It also provides commercial and industrial, commercial real estate, real estate construction and development, residential real estate, and consumer loans.
