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Enterprise Financial Services

Nasdaq:EFSC
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EFSC
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The last earnings update was 75 days ago. More info.


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EFSC Share Price and Events
7 Day Returns
-3.1%
NasdaqGS:EFSC
0.3%
US Banks
0.8%
US Market
1 Year Returns
-27.6%
NasdaqGS:EFSC
-2.5%
US Banks
4.8%
US Market
EFSC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Enterprise Financial Services (EFSC) -3.1% -2.8% -9.8% -27.6% 43.5% 125.8%
US Banks 0.3% 4% 2.2% -2.5% 47.8% 48.2%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • EFSC underperformed the Banks industry which returned -2.5% over the past year.
  • EFSC underperformed the Market in United States of America which returned 4.8% over the past year.
Price Volatility
EFSC
Industry
5yr Volatility vs Market

Value

 Is Enterprise Financial Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Enterprise Financial Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Enterprise Financial Services.

NasdaqGS:EFSC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= $33.26 * 12.9%
$4.28
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. $33.26
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:EFSC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 21%) (52.08%))
0.894
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.894 * 5.96%)
8.06%

Discounted Cash Flow Calculation for NasdaqGS:EFSC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Enterprise Financial Services is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:EFSC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.9% – 8.06%) * $33.26)
$1.60
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.60 / (8.06% - 2.73%)
$30.07
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $33.26 + $30.07
$63.33
NasdaqGS:EFSC Discount to Share Price
Calculation Result
Value per share (USD) From above. $63.33
Current discount Discount to share price of $39.77
= -1 x ($39.77 - $63.33) / $63.33
37.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Enterprise Financial Services is available for.
Intrinsic value
37%
Share price is $39.77 vs Future cash flow value of $63.33
Current Discount Checks
For Enterprise Financial Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Enterprise Financial Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Enterprise Financial Services's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Enterprise Financial Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Enterprise Financial Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:EFSC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.62
NasdaqGS:EFSC Share Price ** NasdaqGS (2019-07-15) in USD $39.77
United States of America Banks Industry PE Ratio Median Figure of 592 Publicly-Listed Banks Companies 12.88x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Enterprise Financial Services.

NasdaqGS:EFSC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:EFSC Share Price ÷ EPS (both in USD)

= 39.77 ÷ 3.62

10.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enterprise Financial Services is good value based on earnings compared to the US Banks industry average.
  • Enterprise Financial Services is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Enterprise Financial Services's expected growth come at a high price?
Raw Data
NasdaqGS:EFSC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
18.1%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.28x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

NasdaqGS:EFSC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.97x ÷ 18.1%

0.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enterprise Financial Services is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Enterprise Financial Services's assets?
Raw Data
NasdaqGS:EFSC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $29.68
NasdaqGS:EFSC Share Price * NasdaqGS (2019-07-15) in USD $39.77
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.21x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NasdaqGS:EFSC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:EFSC Share Price ÷ Book Value per Share (both in USD)

= 39.77 ÷ 29.68

1.34x

* Primary Listing of Enterprise Financial Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enterprise Financial Services is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Enterprise Financial Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Enterprise Financial Services has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Enterprise Financial Services expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Enterprise Financial Services expected to grow at an attractive rate?
  • Enterprise Financial Services's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Enterprise Financial Services's earnings growth is expected to exceed the United States of America market average.
  • Enterprise Financial Services's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:EFSC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:EFSC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 18.1%
NasdaqGS:EFSC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 13.1%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 2.7%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:EFSC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:EFSC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 308 114 3
2019-12-31 285 95 4
NasdaqGS:EFSC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 230 102 84
2018-12-31 223 109 89
2018-09-30 220 92 73
2018-06-30 217 105 67
2018-03-31 211 99 57
2017-12-31 201 46 48
2017-09-30 189 68 54
2017-06-30 176 67 50
2017-03-31 166 47 50
2016-12-31 160 83 49
2016-09-30 156 35 46
2016-06-30 151 36 44

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Enterprise Financial Services's earnings are expected to grow by 18.1% yearly, however this is not considered high growth (20% yearly).
  • Enterprise Financial Services's revenue is expected to grow by 13.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:EFSC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Enterprise Financial Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:EFSC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 4.24 4.30 4.15 4.00
2019-12-31 3.62 3.80 3.40 5.00
NasdaqGS:EFSC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.62
2018-12-31 3.86
2018-09-30 3.17
2018-06-30 2.89
2018-03-31 2.44
2017-12-31 2.10
2017-09-30 2.45
2017-06-30 2.33
2017-03-31 2.45
2016-12-31 2.44
2016-09-30 2.29
2016-06-30 2.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Enterprise Financial Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Enterprise Financial Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Enterprise Financial Services has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Enterprise Financial Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Enterprise Financial Services's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Enterprise Financial Services has delivered over 20% year on year earnings growth in the past 5 years.
  • Enterprise Financial Services's 1-year earnings growth exceeds its 5-year average (48.9% vs 23.9%)
  • Enterprise Financial Services's earnings growth has exceeded the US Banks industry average in the past year (48.9% vs 40.7%).
Earnings and Revenue History
Enterprise Financial Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Enterprise Financial Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:EFSC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 229.62 84.45 88.47
2018-12-31 223.37 89.22 85.04
2018-09-30 219.65 73.22 83.91
2018-06-30 216.99 67.02 82.39
2018-03-31 210.79 56.72 82.14
2017-12-31 201.18 48.19 80.53
2017-09-30 188.78 54.29 77.68
2017-06-30 176.17 49.81 73.55
2017-03-31 166.47 50.20 68.77
2016-12-31 159.91 48.84 65.28
2016-09-30 156.10 45.89 63.37
2016-06-30 151.50 43.77 62.68
2016-03-31 143.98 40.13 61.38
2015-12-31 140.63 38.45 60.47
2015-09-30 134.19 33.74 60.42
2015-06-30 133.53 32.23 60.76
2015-03-31 131.86 30.67 61.13
2014-12-31 127.50 27.17 62.07
2014-09-30 125.77 24.83 65.62
2014-06-30 126.20 25.04 64.91
2014-03-31 133.13 28.91 63.99
2013-12-31 138.88 33.10 63.57
2013-09-30 137.95 33.64 59.28
2013-06-30 137.19 32.51 62.37
2013-03-31 133.69 29.60 61.69
2012-12-31 128.59 25.10 59.10
2012-09-30 131.63 27.52 59.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Enterprise Financial Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Enterprise Financial Services used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Enterprise Financial Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Enterprise Financial Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Enterprise Financial Services has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Enterprise Financial Services's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Enterprise Financial Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Enterprise Financial Services Company Filings, last reported 3 months ago.

NasdaqGS:EFSC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 797.84 541.27 225.01
2018-12-31 603.80 414.63 186.36
2018-09-30 586.84 685.83 163.07
2018-06-30 574.08 652.24 183.50
2018-03-31 555.02 513.34 148.21
2017-12-31 548.57 548.11 140.69
2017-09-30 546.34 589.34 186.08
2017-06-30 548.75 539.83 120.24
2017-03-31 537.92 509.64 215.09
2016-12-31 387.10 386.54 184.92
2016-09-30 381.10 377.93 120.71
2016-06-30 371.63 337.43 111.69
2016-03-31 359.38 390.08 114.35
2015-12-31 350.83 438.29 81.19
2015-09-30 343.56 328.24 128.06
2015-06-30 332.43 319.52 100.98
2015-03-31 326.11 250.85 100.53
2014-12-31 316.24 441.60 89.83
2014-09-30 308.75 364.88 129.08
2014-06-30 301.56 383.83 127.67
2014-03-31 291.45 378.09 142.94
2013-12-31 279.71 327.90 199.08
2013-09-30 277.74 362.36 106.94
2013-06-30 247.68 464.23 102.32
2013-03-31 243.70 372.18 125.27
2012-12-31 235.75 412.13 99.35
2012-09-30 267.52 361.95 86.30
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Enterprise Financial Services has an acceptable proportion of non-loan assets held.
  • Enterprise Financial Services's liabilities are made up of primarily low risk sources of funding.
  • Loans at Enterprise Financial Services are broadly funded by customer deposits.
  • Enterprise Financial Services's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Enterprise Financial Services has a sufficient allowance for bad loans.
  • Enterprise Financial Services has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Enterprise Financial Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Enterprise Financial Services has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Enterprise Financial Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.51%
Current annual income from Enterprise Financial Services dividends. Estimated to be 1.56% next year.
If you bought $2,000 of Enterprise Financial Services shares you are expected to receive $30 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Enterprise Financial Services's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Enterprise Financial Services's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:EFSC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:EFSC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.65 5.00
2019-12-31 0.59 5.00
NasdaqGS:EFSC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-01 0.600 1.459
2019-04-23 0.600 1.402
2019-02-22 0.560 1.300
2019-01-22 0.560 1.243
2018-10-26 0.520 1.250
2018-10-22 0.520 1.213
2018-07-27 0.480 0.886
2018-07-23 0.480 0.843
2018-04-23 0.440 0.814
2018-02-23 0.440 0.918
2018-01-22 0.440 0.917
2017-10-27 0.440 0.986
2017-10-23 0.440 1.000
2017-07-31 0.440 1.100
2017-07-24 0.440 1.104
2017-04-28 0.440 1.067
2017-04-24 0.440 1.016
2017-02-24 0.440 1.035
2017-01-23 0.440 1.026
2016-07-28 0.440 1.286
2016-04-29 0.400 1.453
2016-04-28 0.400 1.474
2016-02-26 0.360 1.327
2016-01-28 0.360 1.327
2015-10-30 0.320 1.132
2015-10-22 0.320 1.115
2015-07-31 0.280 1.135
2015-07-23 0.280 1.181
2015-05-04 0.240 1.087
2015-03-03 0.210 1.018
2014-12-02 0.210 1.069
2014-09-02 0.210 1.180
2014-06-02 0.210 1.183
2014-03-03 0.210 1.116
2013-11-27 0.210 1.097
2013-08-30 0.210 1.200
2013-06-03 0.210 1.240
2013-03-04 0.210 1.448
2012-09-04 0.210 1.570
2012-06-05 0.210 1.823
2012-03-02 0.210 1.825
2011-12-02 0.210 1.549
2011-08-31 0.210 1.468
2011-06-01 0.210 1.559
2011-05-10 0.210 1.557
2011-03-11 0.210 1.555
2011-01-25 0.210 1.632
2010-11-05 0.210 1.936
2010-08-06 0.210 2.348
2010-05-07 0.210 2.113
2010-03-16 0.210 1.939
2009-11-06 0.210 2.517
2009-08-10 0.210 2.144
2009-05-11 0.210 2.226
2009-03-16 0.210 2.079
2009-01-30 0.210 2.056
2008-11-07 0.210 1.566
2008-08-11 0.210 1.138
2008-07-17 0.210 1.111

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Enterprise Financial Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Enterprise Financial Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Enterprise Financial Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Enterprise Financial Services has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Enterprise Financial Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Lally
COMPENSATION $1,141,822
AGE 51
TENURE AS CEO 2.2 years
CEO Bio

Mr. James Brian Lally, also known as Jim, is the President, Chief Executive Officer and Director of Enterprise Financial Services Corp (NASDAQ: EFSC) since August 9, 2016 & May 2, 2017 respectively. Throughout his career, Mr. Lally has helped EFSC achieve record financial results, increased market share, and industry-leading customer satisfaction. Before being named Chief Executive Officer in May 2017, he served as President of EFSC, Director of Fee Businesses and Director of Commercial Banking for Enterprise Bank & Trust, it's principal subsidiary. Before joining EFSC, he worked in various commercial banking capacities with U.S. Bank and Commerce Bank. He serves as Director of Enterprise Bank & Trust since 2016. He serves on the board of Wallis Companies, St. Joseph’s Academy Finance Committee, St. Louis Archdiocesan Finance Council, St Louis Archdiocesan Property and Finance Committee, and is Trustee of the St. Louis Archdiocesan Fund. Currently, he is a member of the Regional Business Council of St. Louis and the Friends of Scouting Campaign Chairman for the New Horizons District of the Boy Scouts of Greater St. Louis. His past civic involvements include membership on the executive leadership team of the St. Louis Chapter of the American Heart Association and the Algonquin Golf Club. He received his MBA from the University of Missouri–St. Louis and his Bachelor of Science degree in finance from Saint Louis University.

CEO Compensation
  • Jim's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jim's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Enterprise Financial Services management team in years:

5.4
Average Tenure
50
Average Age
  • The average tenure for the Enterprise Financial Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jim Lally

TITLE
President
COMPENSATION
$1M
AGE
51
TENURE
2.2 yrs

Keene Turner

TITLE
Executive VP & CFO
COMPENSATION
$843K
AGE
39
TENURE
5.8 yrs

Nicole Iannacone

TITLE
Senior VP
COMPENSATION
$420K
AGE
38
TENURE
5.5 yrs

Scott Goodman

TITLE
Executive Vice President
COMPENSATION
$692K
AGE
55

Doug Bauche

TITLE
Chief Credit Officer of Enterprise Bank & Trust
COMPENSATION
$489K
AGE
49
TENURE
3.2 yrs

Troy Dumlao

TITLE
Senior VP & Chief Accounting Officer
AGE
47
TENURE
0.3 yrs

Mark Ponder

TITLE
Executive VP & Chief Administrative Officer
COMPENSATION
$380K
AGE
49

Linda Hanson

TITLE
Vice Chairman of Enterprise Bank & Trust - Kansas City
COMPENSATION
$321K
AGE
58

Richard Jensen

TITLE
Vice Chairman of Enterprise Trust
AGE
73
TENURE
7.5 yrs

Loren White

TITLE
Senior VP & Head of HR of Enterprise Bank & Trust
AGE
62
TENURE
5.4 yrs
Board of Directors Tenure

Average tenure and age of the Enterprise Financial Services board of directors in years:

7.4
Average Tenure
61.5
Average Age
  • The tenure for the Enterprise Financial Services board of directors is about average.
Board of Directors

John Eulich

TITLE
Chairman of the Board
COMPENSATION
$109K
AGE
68
TENURE
3.2 yrs

Jim Lally

TITLE
President
COMPENSATION
$1M
AGE
51
TENURE
2.2 yrs

Scott Goodman

TITLE
Executive Vice President
COMPENSATION
$692K
AGE
55

C. Burdette

TITLE
Executive VP and Chairman of the Kansas City Region - Enterprise Bank & Trust
COMPENSATION
$345K
AGE
60

Jack Barry

TITLE
Chairman & CEO of Enterprise Arizona Region
COMPENSATION
$378K
AGE
63

Steve Marsh

TITLE
Chairman of Enterprise Bank & Trust
COMPENSATION
$515K
AGE
63
TENURE
16.3 yrs

Sandra Van Trease

TITLE
Director
COMPENSATION
$62K
AGE
58
TENURE
14.5 yrs

Judy Heeter

TITLE
Director
COMPENSATION
$60K
AGE
68
TENURE
7.4 yrs

Michael Holmes

TITLE
Director
COMPENSATION
$64K
AGE
60
TENURE
3.7 yrs

Robert Guest

TITLE
Director
COMPENSATION
$66K
AGE
64
TENURE
17.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Nov 18 Buy John Arnold Individual 19. Nov 18 19. Nov 18 1,000 $45.59 $45,590
13. Nov 18 Buy John Eulich Individual 09. Nov 18 09. Nov 18 10,000 $45.84 $458,400
07. Sep 18 Sell Douglas Bauche Individual 05. Sep 18 05. Sep 18 -750 $56.20 $-42,150
X
Management checks
We assess Enterprise Financial Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Enterprise Financial Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Are Insiders Buying Enterprise Financial Services Corp (NASDAQ:EFSC) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in Enterprise Financial Services Corp (NASDAQ:EFSC). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for Enterprise Financial Services The Last 12 Months Of Insider Transactions At Enterprise Financial Services Chairman of the Board John Eulich made the biggest insider purchase in the last 12 months. … It appears that Enterprise Financial Services insiders own 2.3% of the company, worth about US$25m.

Simply Wall St -

Shareholders Are Loving Enterprise Financial Services Corp's (NASDAQ:EFSC) 1.5% Yield

Enterprise Financial Services has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Dividend Growth Potential While dividend payments have been relatively reliable, it would also be nice if earnings per share (EPS) were growing, as this is essential to maintaining the dividend's purchasing power over the long term. It's good to see Enterprise Financial Services has been growing its earnings per share at 15% a year over the past 5 years. Rapid earnings growth and a low payout ratio suggests this company has been effectively reinvesting in its business. Should that continue, this company could have a bright future. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Earnings growth generally bodes well for the future value of company dividend payments.

Simply Wall St -

Do You Know What Enterprise Financial Services Corp's (NASDAQ:EFSC) P/E Ratio Means?

We'll look at Enterprise Financial Services Corp's (NASDAQ:EFSC) P/E ratio and reflect on what it tells us about the company's share price. … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Enterprise Financial Services: P/E of 11.18 = $40.5 ÷ $3.62 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … NasdaqGS:EFSC Price Estimation Relative to Market, June 5th 2019 Enterprise Financial Services's P/E tells us that market participants think it will not fare as well as its peers in the same industry.

Simply Wall St -

What Kind Of Shareholders Own Enterprise Financial Services Corp (NASDAQ:EFSC)?

See our latest analysis for Enterprise Financial Services NasdaqGS:EFSC Ownership Summary, May 23rd 2019 What Does The Institutional Ownership Tell Us About Enterprise Financial Services? … As you can see, institutional investors own 80% of Enterprise Financial Services. … Insider Ownership Of Enterprise Financial Services The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Investors Who Bought Enterprise Financial Services (NASDAQ:EFSC) Shares Five Years Ago Are Now Up 140%

For example, the Enterprise Financial Services Corp (NASDAQ:EFSC) share price has soared 140% in the last half decade. … Over half a decade, Enterprise Financial Services managed to grow its earnings per share at 19% a year. … A Different Perspective Enterprise Financial Services shareholders are down 20% for the year (even including dividends), but the market itself is up 6.3%.

Simply Wall St -

Does Enterprise Financial Services Corp (NASDAQ:EFSC) Have A High Beta?

If you're interested in Enterprise Financial Services Corp (NASDAQ:EFSC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

With EPS Growth And More, Enterprise Financial Services (NASDAQ:EFSC) Is Interesting

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Enterprise Financial Services (NASDAQ:EFSC). … Not all of Enterprise Financial Services's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers I've used might not be the best representation of the underlying business. … Enterprise Financial Services maintained stable EBIT margins over the last year, all while growing revenue 11% to US$223m.

Simply Wall St -

Did You Miss Enterprise Financial Services's (NASDAQ:EFSC) Impressive 110% Share Price Gain?

For instance, the price of Enterprise Financial Services Corp (NASDAQ:EFSC) stock is up an impressive 110% over the last five years. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, Enterprise Financial Services managed to grow its earnings per share at 17% a year.

Simply Wall St -

Enterprise Financial Services Corp (NASDAQ:EFSC) Insiders Increased Their Holdings

So shareholders might well want to know whether insiders have been buying or selling shares in Enterprise Financial Services Corp (NASDAQ:EFSC). … Enterprise Financial Services Insider Transactions Over The Last Year. … In the last twelve months there was more buying than selling by Enterprise Financial Services insiders

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Enterprise Financial Services Corp (NASDAQ:EFSC)

To keep it practical, we'll show how Enterprise Financial Services Corp's (NASDAQ:EFSC) P/E ratio could help you assess the value on offer. … Enterprise Financial Services has a P/E ratio of 11.77, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Enterprise Financial Services Corp operates as the financial 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. It also provides commercial and industrial, commercial real estate, real estate construction and development, residential real estate, and consumer loans. In addition, the company provides treasury management and international trade services; tax credit brokerage services consisting of the acquisition of tax credits and sale of these tax credits to clients; and financial and estate planning, investment management, and trust services to businesses, individuals, institutions, retirement plans, and non-profit organizations. Further, it offers fiduciary, financial advisory, and merchant services; and debit and credit cards. Additionally, the company provides international banking, Internet and mobile banking, remote deposit capture, positive pay, fraud detection and prevention, automated payable, check imaging, and statement and document imaging services; and cash management products, controlled disbursements, repurchase agreements, and sweep investment accounts. As of December 31, 2018, it had 19 banking locations and 3 limited service facilities in the St. Louis metropolitan area; 7 banking locations in the Kansas City metropolitan area; and 2 banking locations in the Phoenix metropolitan area. Enterprise Financial Services Corp was founded in 1988 and is headquartered in Clayton, Missouri.

Details
Name: Enterprise Financial Services Corp
EFSC
Exchange: NasdaqGS
Founded: 1988
$1,069,033,826
26,880,408
Website: http://www.enterprisebank.com
Address: Enterprise Financial Services Corp
150 North Meramec Avenue,
Clayton,
Missouri, 63105,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS EFSC Common Shares Nasdaq Global Select US USD 26. Apr 2001
Number of employees
Current staff
Staff numbers
650
Enterprise Financial Services employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 23:39
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/07
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.