Empowered Funds LLC Grows Stock Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Empowered Funds LLC grew its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 21.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 117,328 shares of the bank’s stock after acquiring an additional 20,398 shares during the period. Empowered Funds LLC owned about 0.31% of Enterprise Financial Services worth $6,014,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. nVerses Capital LLC purchased a new position in Enterprise Financial Services in the second quarter valued at about $29,000. Innealta Capital LLC purchased a new stake in shares of Enterprise Financial Services during the 2nd quarter valued at about $31,000. EntryPoint Capital LLC lifted its position in Enterprise Financial Services by 87.4% during the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock worth $159,000 after acquiring an additional 1,831 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Enterprise Financial Services by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock worth $178,000 after acquiring an additional 370 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Enterprise Financial Services in the first quarter valued at approximately $178,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard Sanborn sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total transaction of $5,956,000.00. Following the completion of the transaction, the director now owns 40,950 shares in the company, valued at $2,438,982. The trade was a 70.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.

Enterprise Financial Services Price Performance

Shares of EFSC stock opened at $58.83 on Friday. The firm has a market cap of $2.18 billion, a P/E ratio of 12.46 and a beta of 0.96. The firm has a fifty day moving average of $52.75 and a two-hundred day moving average of $47.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. Enterprise Financial Services Corp has a 1-year low of $36.73 and a 1-year high of $61.68.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.15. The business had revenue of $164.89 million for the quarter, compared to analyst estimates of $157.56 million. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. As a group, research analysts anticipate that Enterprise Financial Services Corp will post 4.77 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Monday, December 16th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. Enterprise Financial Services’s dividend payout ratio is currently 23.73%.

Analyst Ratings Changes

Separately, Piper Sandler boosted their target price on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd.

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.