Enterprise Financial Services Corp (EFSC) to Issue Quarterly Dividend of $0.25 on March 31st

Enterprise Financial Services Corp (NASDAQ:EFSCGet Rating) announced a quarterly dividend on Monday, January 23rd, Zacks reports. Stockholders of record on Wednesday, March 15th will be paid a dividend of 0.25 per share by the bank on Friday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, March 14th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.24.

Enterprise Financial Services has increased its dividend by an average of 13.2% annually over the last three years and has increased its dividend every year for the last 5 years. Enterprise Financial Services has a dividend payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Enterprise Financial Services to earn $5.65 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 17.0%.

Enterprise Financial Services Stock Down 0.8 %

Shares of Enterprise Financial Services stock opened at $52.17 on Wednesday. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 10.37 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. Enterprise Financial Services has a 52-week low of $39.63 and a 52-week high of $54.31. The stock has a 50-day simple moving average of $49.83 and a 200-day simple moving average of $48.04.

Enterprise Financial Services (NASDAQ:EFSCGet Rating) last issued its quarterly earnings data on Tuesday, January 24th. The bank reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.23. Enterprise Financial Services had a return on equity of 14.65% and a net margin of 35.36%. The business had revenue of $173.61 million for the quarter, compared to the consensus estimate of $142.42 million. On average, equities research analysts expect that Enterprise Financial Services will post 5.56 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Richard Sanborn sold 24,552 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $52.10, for a total transaction of $1,279,159.20. Following the sale, the director now directly owns 80,552 shares in the company, valued at $4,196,759.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.90% of the stock is currently owned by company insiders.

Institutional Trading of Enterprise Financial Services

A number of institutional investors and hedge funds have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Enterprise Financial Services during the third quarter valued at approximately $1,452,000. Jane Street Group LLC boosted its stake in Enterprise Financial Services by 3.5% in the 3rd quarter. Jane Street Group LLC now owns 7,269 shares of the bank’s stock valued at $320,000 after buying an additional 249 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its stake in Enterprise Financial Services by 10.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 14,166 shares of the bank’s stock valued at $624,000 after buying an additional 1,333 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Enterprise Financial Services by 48.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock valued at $32,000 after buying an additional 237 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Enterprise Financial Services by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,807,222 shares of the bank’s stock valued at $79,589,000 after buying an additional 14,780 shares in the last quarter. 68.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EFSC. Raymond James raised their price objective on Enterprise Financial Services from $53.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, October 26th. DA Davidson raised Enterprise Financial Services from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $46.00 to $60.00 in a research report on Wednesday, October 26th. Finally, StockNews.com downgraded Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, December 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.33.

About Enterprise Financial Services

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Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers checking, savings, and money market accounts, and certificates of deposit. It also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.

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Dividend History for Enterprise Financial Services (NASDAQ:EFSC)

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