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

Enterprise Financial Services Corporation (NASDAQ:EFSC) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.36 per share by the bank on Thursday, December 31st. This represents a $1.44 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 15th. This is a 2.9% increase from Enterprise Financial Services’s previous quarterly dividend of $0.35.

Enterprise Financial Services has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Enterprise Financial Services has a payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Enterprise Financial Services to earn $5.91 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 23.7%.

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC opened at $61.01 on Friday. The company has a market cap of $2.21 billion, a P/E ratio of 12.13 and a beta of 0.82. The business has a fifty day simple moving average of $61.86 and a 200-day simple moving average of $62.22. Enterprise Financial Services has a 52 week low of $51.18 and a 52 week high of $68.73. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Wednesday, October 21st. The bank reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.21). The business had revenue of $192.53 million during the quarter, compared to analyst estimates of $193.09 million. Enterprise Financial Services had a return on equity of 9.52% and a net margin of 18.83%. Equities research analysts forecast that Enterprise Financial Services will post 5.27 EPS for the current year.

Institutional Trading of Enterprise Financial Services

A number of institutional investors have recently added to or reduced their stakes in EFSC. Corient Private Wealth LP purchased a new position in Enterprise Financial Services in the second quarter valued at about $2,598,000. Emerald Investment Advisers LLC acquired a new position in shares of Enterprise Financial Services during the second quarter worth about $5,922,000. Bank of New York Mellon Corp purchased a new stake in shares of Enterprise Financial Services in the second quarter worth about $11,415,000. NFJ Investment Group LLC purchased a new stake in shares of Enterprise Financial Services in the second quarter worth about $5,993,000. Finally, Visionary Wealth Advisors purchased a new stake in shares of Enterprise Financial Services in the second quarter worth about $1,304,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. is a financial holding company headquartered in Clayton, Missouri. Its principal subsidiary, Enterprise Bank & Trust, provides banking and financial services to businesses, professionals, institutions and individuals.

The company offers commercial and small-business lending, deposit accounts, treasury management, private banking, wealth management, trust and estate services, and other financial solutions. Its commercial banking capabilities include financing for working capital, equipment, real estate and business expansion.

Enterprise Bank & Trust serves customers through banking markets that include St.