Enterprise Financial Services Corp (NASDAQ:EFSC) Announces 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. Stockholders of record on Monday, June 16th will be paid 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 dividend yield of 2.32%. 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 increased its dividend payment by an average of 12.2% annually over the last three years and has increased its dividend every year for the last 11 years. Enterprise Financial Services has a payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 $1.16 annual dividend with an expected future payout ratio of 22.1%.

Enterprise Financial Services Stock Down 0.6 %

EFSC stock traded down $0.32 during trading on Tuesday, hitting $51.67. 223,074 shares of the stock traded hands, compared to its average volume of 227,201. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 10.68 and a beta of 0.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. Enterprise Financial Services has a 1 year low of $37.28 and a 1 year high of $63.13. The firm's 50 day moving average is $53.36 and its two-hundred day moving average is $56.10.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its earnings results on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.14. The firm had revenue of $18.48 million for the quarter, compared to the consensus estimate of $162.83 million. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. On average, sell-side analysts anticipate that Enterprise Financial Services will post 4.97 EPS for the current year.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were 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 directly owns 15,447 shares of the company's stock, valued at approximately $903,186.09. This represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EFSC has been the subject of a number of research analyst reports. DA Davidson lifted their target price on Enterprise Financial Services from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $70.00 price objective (up from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th.

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.

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