Enterprise Financial Services Corporation (EFSC) to Issue Quarterly Dividend of $0.35 on September 30th

Enterprise Financial Services Corporation (NASDAQ:EFSC) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Tuesday, September 15th will be given a dividend of 0.35 per share by the bank on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 2.9% increase from Enterprise Financial Services’s previous quarterly dividend of $0.34.

Enterprise Financial Services has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Enterprise Financial Services has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Research 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 $1.40 annual dividend with an expected future payout ratio of 23.7%.

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC opened at $64.13 on Friday. The stock’s 50-day simple moving average is $65.27 and its two-hundred day simple moving average is $61.09. Enterprise Financial Services has a twelve month low of $51.18 and a twelve month high of $68.73. The firm has a market capitalization of $2.32 billion, a P/E ratio of 12.75 and a beta of 0.78. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. The business had revenue of $187.37 million for the quarter, compared to the consensus estimate of $189.15 million. As a group, equities analysts anticipate that Enterprise Financial Services will post 5.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EFSC. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Keefe, Bruyette & Woods increased their price target on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Piper Sandler lifted their price objective on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Finally, Raymond James Financial lifted their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Through its principal subsidiary, Enterprise Bank & Trust, the company provides banking and wealth management services to businesses, professionals, individuals and families.

Enterprise Bank & Trust offers commercial and personal deposit accounts, loans, lines of credit, treasury management, cash management, online banking and other financial services. Its commercial banking activities include lending to operating companies, commercial real estate borrowers and small businesses, while its wealth management business provides investment management, trust, financial planning and related services.

Founded in 1990, the company serves clients through banking and wealth management operations in Missouri, Kansas, Arizona and New Mexico.