Enterprise Financial Services Corporation (EFSC) To Go Ex-Dividend on June 15th

Enterprise Financial Services Corporation (NASDAQ:EFSC) announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Monday, June 15th will be paid a dividend of 0.34 per share by the bank on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, June 15th. This is a 3.0% increase from Enterprise Financial Services’s previous quarterly dividend of $0.33.

Enterprise Financial Services has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 11 years. Enterprise Financial Services has a dividend payout ratio of 24.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Enterprise Financial Services to earn $5.91 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 23.0%.

Enterprise Financial Services Trading Up 1.5%

Shares of Enterprise Financial Services stock opened at $64.19 on Friday. The business has a fifty day simple moving average of $59.30 and a two-hundred day simple moving average of $57.24. Enterprise Financial Services has a 1 year low of $51.18 and a 1 year high of $64.35. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 12.11 and a beta of 0.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.01. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%.The business had revenue of $188.85 million during the quarter, compared to the consensus estimate of $174.02 million. Research analysts forecast that Enterprise Financial Services will post 5.55 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings raised Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Raymond James Financial assumed coverage on Enterprise Financial Services in a report on Tuesday, April 28th. They set an “outperform” rating and a $65.00 price target for the company. Finally, Keefe, Bruyette & Woods raised their price target on Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.00.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.