Enterprise Financial Services Corporation (NASDAQ:EFSC) declared a quarterly dividend on Wednesday, October 25th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.11 per share by the bank on Friday, December 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Thursday, December 14th.
Enterprise Financial Services (NASDAQ EFSC) opened at $44.25 on Wednesday. The firm has a market capitalization of $1,012.55, a PE ratio of 17.49, a PEG ratio of 1.94 and a beta of 0.88. Enterprise Financial Services has a twelve month low of $36.65 and a twelve month high of $46.25. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.05.
Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, October 23rd. The bank reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $54.00 million for the quarter, compared to the consensus estimate of $54.11 million. Enterprise Financial Services had a return on equity of 11.15% and a net margin of 24.73%. sell-side analysts forecast that Enterprise Financial Services will post 2.52 earnings per share for the current fiscal year.
In other Enterprise Financial Services news, President Scott Richard Goodman sold 3,700 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $45.85, for a total transaction of $169,645.00. Following the completion of the transaction, the president now directly owns 38,269 shares in the company, valued at $1,754,633.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas Bauche sold 960 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $44.10, for a total value of $42,336.00. Following the transaction, the insider now owns 679 shares of the company’s stock, valued at $29,943.90. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Thursday, October 26th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $49.00 target price on shares of Enterprise Financial Services in a research report on Friday, October 6th. ValuEngine cut Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $46.00 target price on shares of Enterprise Financial Services in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Enterprise Financial Services has an average rating of “Hold” and a consensus price target of $48.33.
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About Enterprise Financial Services
Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.
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