Enterprise Financial Services Corporation (NASDAQ:EFSC) Plans Dividend Increase – $0.33 Per Share

Enterprise Financial Services Corporation (NASDAQ:EFSC) declared a quarterly dividend on Monday, January 26th. Shareholders of record on Friday, February 27th will be given a dividend of 0.33 per share by the bank on Sunday, March 15th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 27th. This is a 3.1% increase from Enterprise Financial Services’s previous quarterly dividend of $0.32.

Enterprise Financial Services has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 11 years. Enterprise Financial Services has a 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 Trading Up 1.6%

Shares of NASDAQ:EFSC traded up $0.88 during trading on Tuesday, hitting $56.80. 38,879 shares of the company’s stock were exchanged, compared to its average volume of 148,664. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.10 billion, a P/E ratio of 11.07 and a beta of 0.84. The firm has a 50-day moving average price of $55.29 and a two-hundred day moving average price of $56.38. Enterprise Financial Services has a 1-year low of $45.22 and a 1-year high of $62.60.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The business had revenue of $190.95 million during the quarter, compared to the consensus estimate of $188.54 million. Enterprise Financial Services had a net margin of 19.98% and a return on equity of 10.82%. Equities analysts predict that Enterprise Financial Services will post 4.97 earnings per share for the current year.

About Enterprise Financial Services

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.