Enterprise Financial Services Corporation (NASDAQ:EFSC) to Issue Quarterly Dividend of $0.35

Enterprise Financial Services Corporation (NASDAQ:EFSCGet Free Report) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Tuesday, September 15th will be given a dividend of 0.35 per share by the bank on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 2.9% increase from Enterprise Financial Services’s previous quarterly dividend of $0.34.

Enterprise Financial Services has raised its dividend by an average of 0.1%annually 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 24.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Enterprise Financial Services to earn $5.95 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 22.9%.

Enterprise Financial Services Stock Performance

EFSC opened at $65.68 on Thursday. Enterprise Financial Services has a 1-year low of $51.18 and a 1-year high of $68.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $2.40 billion, a P/E ratio of 12.39 and a beta of 0.79. The company has a 50 day simple moving average of $63.30 and a two-hundred day simple moving average of $59.16.

Enterprise Financial Services (NASDAQ:EFSCGet Free Report) last issued its earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%.The company had revenue of $182.19 million for the quarter, compared to the consensus estimate of $189.15 million. Equities analysts forecast that Enterprise Financial Services will post 5.57 earnings per share for the current fiscal year.

Key Headlines Impacting Enterprise Financial Services

Here are the key news stories impacting Enterprise Financial Services this week:

About Enterprise Financial Services

(Get Free Report)

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.

See Also

Dividend History for Enterprise Financial Services (NASDAQ:EFSC)

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