Enterprise Financial Services Corp (NASDAQ:EFSC – Get Free Report) 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.
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.
Read Our Latest Research Report on Enterprise Financial Services
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.
Further Reading
- Five stocks we like better than Enterprise Financial Services
- How to Invest in Small Cap Stocks
- Why Hershey Stock Has More Room to Run Despite Takeover Rejection
- Top Stocks Investing in 5G Technology
- Texas Instruments: The Old-School Tech Titan Still Delivering
- Most Volatile Stocks, What Investors Need to Know
- GRAIL: Biotech Stock Targeting $100B Cancer Market
Receive News & Ratings for Enterprise Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.