Enterprise Financial Services Corp (EFSC) to Issue Quarterly Dividend of $0.30 on June 30th

Enterprise Financial Services Corp (NASDAQ:EFSC) declared a quarterly dividend on Friday, April 25th, Wall Street Journal reports. Investors of record on Monday, June 16th will be given a dividend of 0.30 per share by the bank on Monday, June 30th. This represents a $1.20 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Monday, June 16th. This is a 3.4% increase from Enterprise Financial Services’s previous quarterly dividend of $0.29.

Enterprise Financial Services has a payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Enterprise Financial Services to earn $5.25 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 22.9%.

Enterprise Financial Services Price Performance

EFSC stock opened at $52.30 on Friday. Enterprise Financial Services has a 1 year low of $37.31 and a 1 year high of $63.13. The firm has a market capitalization of $1.93 billion, a P/E ratio of 10.81 and a beta of 0.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50-day moving average is $51.86 and its two-hundred day moving average is $55.45.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, April 28th. The bank reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. The business had revenue of $18.48 million for the quarter, compared to the consensus estimate of $162.83 million. Analysts anticipate that Enterprise Financial Services will post 4.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EFSC. DA Davidson dropped their price objective on Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Wall Street Zen downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, June 7th. Finally, Keefe, Bruyette & Woods dropped their price target on Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th.

Insider Buying and Selling

In other Enterprise Financial Services news, CEO James Brian Lally sold 4,689 shares of Enterprise Financial Services stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $55.18, for a total value of $258,739.02. Following the transaction, the chief executive officer now directly owns 106,974 shares in the company, valued at approximately $5,902,825.32. This trade represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael E. Finn bought 1,500 shares of the stock in a transaction on Friday, June 6th. The stock was bought at an average price of $52.50 per share, for a total transaction of $78,750.00. Following the completion of the purchase, the director now directly owns 1,500 shares in the company, valued at approximately $78,750. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EFSC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Enterprise Financial Services by 10.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock valued at $5,718,000 after purchasing an additional 9,816 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Enterprise Financial Services by 46.1% in the 1st quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock valued at $1,348,000 after purchasing an additional 7,909 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Enterprise Financial Services by 14.5% in the 1st quarter. AQR Capital Management LLC now owns 58,539 shares of the bank’s stock valued at $3,146,000 after purchasing an additional 7,419 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Enterprise Financial Services by 25.1% in the 1st quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock valued at $290,000 after purchasing an additional 1,082 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Enterprise Financial Services by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock valued at $1,169,000 after purchasing an additional 698 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.