Enterprise Financial Services Corp (NASDAQ:EFSC – Get Free Report) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.26 per share by the bank on Friday, June 28th. This represents a $1.04 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.25.
Enterprise Financial Services has increased its dividend payment by an average of 11.6% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Enterprise Financial Services has a dividend payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Enterprise Financial Services to earn $4.65 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 21.5%.
Enterprise Financial Services Stock Performance
EFSC traded down $1.07 during trading on Wednesday, hitting $38.13. 30,586 shares of the stock were exchanged, compared to its average volume of 141,283. The firm has a market capitalization of $1.43 billion, a P/E ratio of 8.23 and a beta of 0.99. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $39.40 and a two-hundred day moving average price of $40.04. Enterprise Financial Services has a 1-year low of $32.97 and a 1-year high of $46.17.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Piper Sandler dropped their price objective on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Keefe, Bruyette & Woods dropped their price objective on Enterprise Financial Services from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th.
Read Our Latest Stock Report on Enterprise Financial Services
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 primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.
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