Enterprise Financial Services Corp (EFSC) to Issue Quarterly Dividend of $0.29 on March 31st

Enterprise Financial Services Corp (NASDAQ:EFSC) declared a quarterly dividend on Tuesday, January 28th,Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.29 per share by the bank on Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, March 14th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.28.

Enterprise Financial Services has increased its dividend by an average of 12.2% per year over the last three years. Enterprise Financial Services has a payout ratio of 22.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Enterprise Financial Services to earn $4.56 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 24.6%.

Enterprise Financial Services Trading Down 0.2 %

Shares of EFSC stock opened at $59.94 on Thursday. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 12.70 and a beta of 1.00. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services has a fifty-two week low of $37.28 and a fifty-two week high of $63.13. The firm’s 50 day moving average price is $57.89 and its two-hundred day moving average price is $54.00.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. On average, analysts anticipate that Enterprise Financial Services will post 4.77 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard Sanborn sold 100,000 shares of Enterprise Financial Services stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total value of $5,956,000.00. Following the completion of the sale, the director now owns 40,950 shares in the company, valued at approximately $2,438,982. The trade was a 70.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

EFSC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $70.00 price target (up from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday. Piper Sandler boosted their target price on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, DA Davidson boosted their target price on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday.

Enterprise Financial Services Company Profile

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.