Enterprise Financial Services Corp (EFSC) to Issue Quarterly Dividend of $0.28 on December 31st

Enterprise Financial Services Corp (NASDAQ:EFSC) declared a quarterly dividend on Monday, October 21st,Zacks Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.28 per share by the bank on Tuesday, December 31st. This represents a $1.12 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Monday, December 16th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.27.

Enterprise Financial Services has increased its dividend by an average of 11.6% annually over the last three years. Enterprise Financial Services has a payout ratio of 24.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Enterprise Financial Services to earn $4.54 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 24.7%.

Enterprise Financial Services Price Performance

NASDAQ:EFSC opened at $59.21 on Friday. The stock’s 50 day moving average price is $56.38 and its two-hundred day moving average price is $49.82. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 12.54 and a beta of 0.99. Enterprise Financial Services has a 12-month low of $37.28 and a 12-month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. The business had revenue of $164.89 million for the quarter, compared to analysts’ expectations of $157.56 million. 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 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EFSC shares. Keefe, Bruyette & Woods increased their price target on shares of Enterprise Financial Services from $59.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Piper Sandler raised their price target on Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd.

Insider Buying and Selling

In related news, Director Richard Sanborn sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total transaction of $5,956,000.00. Following the completion of the sale, the director now owns 40,950 shares of the company’s stock, valued at $2,438,982. This represents a 70.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by corporate insiders.

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.