Enterprise Financial Services Corp (EFSC) To Go Ex-Dividend on December 13th
Enterprise Financial Services Corp (NASDAQ:EFSC) announced a quarterly dividend on Tuesday, October 23rd, Wall Street Journal reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.13 per share by the bank on Friday, December 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 13th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.12.
Enterprise Financial Services has increased its dividend by an average of 28.0% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Enterprise Financial Services has a dividend payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Enterprise Financial Services to earn $3.75 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 13.9%.
Shares of EFSC stock opened at $42.10 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.16. Enterprise Financial Services has a 1 year low of $40.47 and a 1 year high of $58.15. The firm has a market cap of $967.70 million, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96.
Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Enterprise Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Zacks Investment Research cut shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. ValuEngine cut shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. Finally, Keefe, Bruyette & Woods raised shares of Enterprise Financial Services from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $57.00 to $60.00 in a report on Monday, November 5th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $54.50.
In other news, Director John S. Eulich purchased 10,000 shares of the firm’s stock in a transaction dated Friday, November 9th. The shares were purchased at an average price of $45.84 per share, with a total value of $458,400.00. Following the completion of the acquisition, the director now owns 1,908 shares in the company, valued at approximately $87,462.72. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Q. Arnold purchased 1,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was purchased at an average cost of $45.59 per share, for a total transaction of $45,590.00. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.
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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