Enterprise Financial Services Corporation (EFSC) to Issue Quarterly Dividend of $0.11 on September 29th

Enterprise Financial Services Corporation (NASDAQ:EFSC) announced a quarterly dividend on Tuesday, July 25th, Zacks reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.11 per share by the bank on Friday, September 29th. This represents a $0.44 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, September 14th.

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) opened at 39.10 on Wednesday. Enterprise Financial Services Corporation has a 1-year low of $30.50 and a 1-year high of $46.25. The stock has a market cap of $917.36 million, a PE ratio of 17.01 and a beta of 0.87. The stock has a 50 day moving average of $38.68 and a 200 day moving average of $41.04.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last announced its earnings results on Monday, July 24th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.06). The business had revenue of $53.57 million for the quarter, compared to analyst estimates of $51.91 million. Enterprise Financial Services Corporation had a return on equity of 11.18% and a net margin of 24.54%. Equities research analysts forecast that Enterprise Financial Services Corporation will post $2.52 EPS for the current year.

In other news, Director Michael Holmes acquired 2,556 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average price of $38.74 per share, with a total value of $99,019.44. Following the completion of the transaction, the director now directly owns 2,716 shares in the company, valued at approximately $105,217.84. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Douglas Bauche sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $38.11, for a total transaction of $45,732.00. Following the completion of the transaction, the insider now directly owns 1,639 shares of the company’s stock, valued at approximately $62,462.29. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

A number of research firms have recently weighed in on EFSC. Zacks Investment Research lowered shares of Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. BidaskClub raised shares of Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Piper Jaffray Companies reissued a “buy” rating and issued a $48.00 price objective on shares of Enterprise Financial Services Corporation in a research report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $45.00 price objective on shares of Enterprise Financial Services Corporation in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $43.00.

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Enterprise Financial Services Corporation Company Profile

Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.

Dividend History for Enterprise Financial Services Corporation (NASDAQ:EFSC)

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