Enterprise Financial Services Corp (NASDAQ:EFSC) Increases Dividend to $0.28 Per Share

Enterprise Financial Services Corp (NASDAQ:EFSC - Get Free Report) declared a quarterly dividend on Monday, October 21st, Zacks reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.28 per share by the bank on Tuesday, December 31st. This represents a $1.12 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.27.

Enterprise Financial Services has increased its dividend payment by an average of 11.6% per year over the last three years. Enterprise Financial Services has a dividend payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Enterprise Financial Services to earn $4.44 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 24.3%.

Enterprise Financial Services Trading Up 0.0 %

Shares of EFSC stock traded up $0.02 during mid-day trading on Wednesday, hitting $53.00. The company's stock had a trading volume of 162,342 shares, compared to its average volume of 143,624. The company's fifty day simple moving average is $51.09 and its 200-day simple moving average is $44.94. Enterprise Financial Services has a 52 week low of $32.97 and a 52 week high of $54.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $1.99 billion, a PE ratio of 11.34 and a beta of 0.97.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its earnings results on Monday, July 22nd. The bank reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. The company had revenue of $156.02 million during the quarter, compared to the consensus estimate of $153.41 million. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%. As a group, equities research analysts expect that Enterprise Financial Services will post 4.58 earnings per share for the current fiscal year.

Insider Activity

In other Enterprise Financial Services news, Director Richard Sanborn sold 94,815 shares of Enterprise Financial Services stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the completion of the transaction, the director now owns 139,460 shares in the company, valued at approximately $7,493,185.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their target price on Enterprise Financial Services from $58.00 to $62.00 and gave the company an "overweight" rating in a research note on Wednesday.

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.