Enterprise Financial Services Corporation (NASDAQ:EFSC) Announces Quarterly Dividend of $0.31

Key Points

• Enterprise Financial Services Corporation has announced a quarterly dividend increase to $0.31 per share, reflecting a 3.3% rise from the previous dividend of $0.30.
• The company reported earnings per share (EPS) of $1.37 for the last quarter, exceeding analysts' expectations by $0.16, with a projected EPS of $5.25 for the next year.
• Insider transactions include Director Michael E. Finn purchasing 1,500 shares, while CEO James Brian Lally sold 1,828 shares, indicating active management participation in the company’s stock.

Enterprise Financial Services Corporation (NASDAQ:EFSC - Get Free Report) announced a quarterly dividend on Monday, July 28th, RTT News reports. Investors of record on Monday, September 15th will be paid a dividend of 0.31 per share by the bank on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. This is a 3.3% increase from Enterprise Financial Services's previous quarterly dividend of $0.30.

Enterprise Financial Services has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 2.6%

NASDAQ:EFSC traded down $1.42 during trading hours on Friday, hitting $53.77. 67,145 shares of the company traded hands, compared to its average volume of 204,507. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The company has a market cap of $1.99 billion, a PE ratio of 10.18 and a beta of 0.86. The firm's 50-day simple moving average is $55.05 and its 200-day simple moving average is $55.07. Enterprise Financial Services has a one year low of $45.22 and a one year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.17. The business had revenue of $176.05 million for the quarter, compared to analysts' expectations of $166.82 million. Enterprise Financial Services had a net margin of 21.28% and a return on equity of 11.31%. Equities analysts predict that Enterprise Financial Services will post 4.97 earnings per share for the current year.

Insider Activity

In other news, CEO James Brian Lally sold 1,828 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $55.16, for a total value of $100,832.48. Following the sale, the chief executive officer owned 100,885 shares of the company's stock, valued at $5,564,816.60. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael E. Finn acquired 1,500 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average cost of $52.50 per share, with a total value of $78,750.00. Following the completion of the acquisition, the director owned 1,500 shares in the company, valued at $78,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 8,572 shares of company stock worth $472,667. Insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Enterprise Financial Services

Several hedge funds and other institutional investors have recently modified their holdings of EFSC. HighTower Advisors LLC bought a new position in shares of Enterprise Financial Services in the fourth quarter valued at approximately $212,000. Sei Investments Co. lifted its stake in Enterprise Financial Services by 21.0% in the 4th quarter. Sei Investments Co. now owns 65,841 shares of the bank's stock worth $3,713,000 after purchasing an additional 11,446 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Enterprise Financial Services in the 4th quarter valued at $406,000. LPL Financial LLC boosted its holdings in Enterprise Financial Services by 15.1% in the 4th quarter. LPL Financial LLC now owns 6,963 shares of the bank's stock valued at $393,000 after purchasing an additional 915 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Enterprise Financial Services by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,089,008 shares of the bank's stock valued at $117,820,000 after purchasing an additional 13,724 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

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.