Enterprise Financial Services Corp (NASDAQ:EFSC) declared a quarterly dividend on Tuesday, July 24th, Wall Street Journal reports. Stockholders of record on Friday, September 14th will be given a dividend of 0.12 per share by the bank on Friday, September 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, September 13th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.11.

Enterprise Financial Services has raised its dividend by an average of 28.0% annually over the last three years and has raised its dividend every year for the last 3 years. Enterprise Financial Services has a payout ratio of 13.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Enterprise Financial Services to earn $3.92 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 12.2%.

NASDAQ:EFSC opened at $56.00 on Friday. Enterprise Financial Services has a 12 month low of $36.65 and a 12 month high of $58.15. The company has a market capitalization of $1.30 billion, a PE ratio of 17.71, a PEG ratio of 1.74 and a beta of 0.76. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.04 and a current ratio of 1.04.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, July 23rd. The bank reported $0.86 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.86. Enterprise Financial Services had a net margin of 25.87% and a return on equity of 13.30%. The company had revenue of $56.74 million for the quarter, compared to analyst estimates of $56.20 million. analysts predict that Enterprise Financial Services will post 3.58 earnings per share for the current fiscal year.

In other news, insider Douglas Bauche sold 750 shares of the firm’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $56.20, for a total value of $42,150.00. Following the sale, the insider now owns 2,761 shares in the company, valued at $155,168.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Scott Richard Goodman sold 1,200 shares of the firm’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $54.23, for a total transaction of $65,076.00. Following the completion of the sale, the president now owns 41,713 shares in the company, valued at approximately $2,262,095.99. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Enterprise Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Friday, July 27th. Finally, DA Davidson raised their price objective on shares of Enterprise Financial Services to $60.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Enterprise Financial Services currently has a consensus rating of “Buy” and an average price target of $56.38.

About Enterprise Financial Services

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. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.

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Dividend History for Enterprise Financial Services (NASDAQ:EFSC)

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