Enterprise Financial Services Corporation (EFSC) To Go Ex-Dividend on September 15th

Enterprise Financial Services Corporation (NASDAQ:EFSC) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Tuesday, September 15th will be paid 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 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 increased its dividend by an average of 0.1%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 24.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Enterprise Financial Services to earn $5.95 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 22.9%.

Enterprise Financial Services Stock Down 1.0%

EFSC stock opened at $65.04 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.38 billion, a PE ratio of 12.93 and a beta of 0.79. Enterprise Financial Services has a twelve month low of $51.18 and a twelve month high of $68.73. The stock has a 50-day simple moving average of $63.42 and a two-hundred day simple moving average of $59.24.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.20). Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.73%. The company had revenue of $182.19 million for the quarter, compared to the consensus estimate of $189.15 million. On average, equities analysts predict that Enterprise Financial Services will post 5.57 EPS for the current fiscal year.

Insider Activity at Enterprise Financial Services

In related news, EVP Mark G. Ponder sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total value of $75,687.50. Following the transaction, the executive vice president directly owned 23,526 shares in the company, valued at approximately $1,424,499.30. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Enterprise Financial Services

Several hedge funds have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd raised its position in Enterprise Financial Services by 2.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 8,352 shares of the bank’s stock valued at $452,000 after purchasing an additional 219 shares during the last quarter. First Horizon Corp grew its position in shares of Enterprise Financial Services by 55.6% in the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock worth $38,000 after buying an additional 253 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Enterprise Financial Services by 9.8% in the 4th quarter. Federated Hermes Inc. now owns 2,890 shares of the bank’s stock worth $156,000 after buying an additional 259 shares during the last quarter. Comerica Bank increased its stake in shares of Enterprise Financial Services by 17.4% during the third quarter. Comerica Bank now owns 2,041 shares of the bank’s stock valued at $118,000 after buying an additional 303 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Enterprise Financial Services by 65.0% during the fourth quarter. Signaturefd LLC now owns 812 shares of the bank’s stock valued at $44,000 after buying an additional 320 shares during the period. 72.21% of the stock is currently owned by institutional investors.

About Enterprise Financial Services

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.