Enterprise Financial Services Corp (NASDAQ:EFSC) to Issue Quarterly Dividend of $0.30

Enterprise Financial Services Corp (NASDAQ:EFSC - Get Free Report) announced a quarterly dividend on Tuesday, April 29th, Wall Street Journal reports. Shareholders of record on Monday, June 16th will be given a dividend of 0.30 per share by the bank on Monday, June 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Monday, June 16th. This is a 3.4% increase from Enterprise Financial Services's previous quarterly dividend of $0.29.

Enterprise Financial Services has raised its dividend by an average of 12.2% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Enterprise Financial Services has a payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Enterprise Financial Services to earn $5.25 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 22.9%.

Enterprise Financial Services Trading Up 1.1 %

Shares of NASDAQ:EFSC traded up $0.56 during trading on Friday, reaching $52.95. The stock had a trading volume of 126,490 shares, compared to its average volume of 176,924. Enterprise Financial Services has a 52 week low of $37.28 and a 52 week high of $63.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The firm's fifty day moving average is $52.81 and its 200 day moving average is $56.09. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 10.94 and a beta of 0.84.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The bank reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.14. The business had revenue of $18.48 million for the quarter, compared to analysts' expectations of $162.83 million. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. As a group, equities analysts forecast that Enterprise Financial Services will post 4.97 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director James M. Havel sold 5,525 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the completion of the sale, the director now owns 15,447 shares in the company, valued at $903,186.09. The trade was a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EFSC shares. DA Davidson dropped their price target on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods dropped their target price on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating on the stock in a research report on Wednesday.

Enterprise Financial Services Company Profile

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.