Enterprise Financial Services Corp (NASDAQ:EFSC) Raises Dividend to $0.26 Per Share

Enterprise Financial Services Corp (NASDAQ:EFSC) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.26 per share by the bank on Friday, June 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.25.

Enterprise Financial Services has increased its dividend payment by an average of 11.6% annually over the last three years and has increased its dividend every year for the last 6 years. Enterprise Financial Services has a payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Enterprise Financial Services to earn $4.65 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 21.5%.

Enterprise Financial Services Trading Down 2.7 %

NASDAQ:EFSC traded down $1.07 during trading hours on Wednesday, hitting $38.13. 30,586 shares of the stock were exchanged, compared to its average volume of 141,283. The company’s 50 day moving average is $39.40 and its two-hundred day moving average is $40.04. Enterprise Financial Services has a twelve month low of $32.97 and a twelve month high of $46.17. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.43 billion, a P/E ratio of 8.23 and a beta of 0.99.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.02. Enterprise Financial Services had a return on equity of 11.50% and a net margin of 20.60%. The firm had revenue of $166.18 million for the quarter, compared to the consensus estimate of $157.53 million. On average, sell-side analysts anticipate that Enterprise Financial Services will post 4.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on EFSC shares. Keefe, Bruyette & Woods dropped their target price on shares of Enterprise Financial Services from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Piper Sandler dropped their target price on shares of Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th.

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.