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.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, October 22nd. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. The firm had revenue of $56.50 million for the quarter, compared to analysts’ expectations of $57.95 million. Enterprise Financial Services had a net margin of 27.39% and a return on equity of 13.72%. As a group, sell-side analysts expect that Enterprise Financial Services will post 3.51 EPS for the current fiscal year.

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.

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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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