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

Enterprise Financial Services Corporation (NASDAQ:EFSC) declared a quarterly dividend on Monday, October 27th. Stockholders of record on Monday, December 15th will be given a dividend of 0.32 per share by the bank on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, December 15th. This is a 3.2% increase from Enterprise Financial Services’s previous quarterly dividend of $0.31.

Enterprise Financial Services has raised 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 dividend payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Equities research 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 $1.28 annual dividend with an expected future payout ratio of 24.4%.

Enterprise Financial Services Stock Down 0.8%

EFSC stock opened at $56.71 on Friday. The business has a 50 day moving average of $54.59 and a 200 day moving average of $56.08. The firm has a market cap of $2.10 billion, a PE ratio of 11.03 and a beta of 0.84. Enterprise Financial Services has a twelve month low of $45.22 and a twelve month high of $62.60. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.35.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, October 27th. The bank reported $1.20 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.10). Enterprise Financial Services had a return on equity of 10.82% and a net margin of 19.98%.The company had revenue of $177.84 million during the quarter, compared to the consensus estimate of $176.52 million. On average, research analysts forecast that Enterprise Financial Services will post 4.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Enterprise Financial Services

Several hedge funds and other institutional investors have recently modified their holdings of EFSC. First Horizon Corp purchased a new position in shares of Enterprise Financial Services in the 3rd quarter worth $26,000. Summit Securities Group LLC bought a new position in Enterprise Financial Services in the first quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its position in Enterprise Financial Services by 929.0% in the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after purchasing an additional 576 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Enterprise Financial Services by 302.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank’s stock valued at $43,000 after purchasing an additional 596 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Enterprise Financial Services during the 2nd quarter valued at about $70,000. 72.21% of the stock is owned by 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.