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

Empowered Funds LLC boosted its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,282 shares of the bank’s stock after purchasing an additional 5,954 shares during the period. Empowered Funds LLC’s holdings in Enterprise Financial Services were worth $6,953,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in shares of Enterprise Financial Services in the 4th quarter worth $29,000. Quarry LP increased its stake in Enterprise Financial Services by 2,593.5% during the third quarter. Quarry LP now owns 835 shares of the bank’s stock worth $43,000 after acquiring an additional 804 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Enterprise Financial Services in the 3rd quarter worth about $102,000. FMR LLC lifted its stake in shares of Enterprise Financial Services by 34.2% in the 3rd quarter. FMR LLC now owns 2,560 shares of the bank’s stock valued at $131,000 after purchasing an additional 653 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Enterprise Financial Services by 169.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock worth $177,000 after purchasing an additional 2,172 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

Enterprise Financial Services stock opened at $59.95 on Tuesday. The firm has a market capitalization of $2.23 billion, a PE ratio of 12.39 and a beta of 0.99. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.13. The stock’s 50 day moving average price is $57.85 and its 200 day moving average price is $54.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, January 27th. The bank reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. As a group, sell-side analysts expect that Enterprise Financial Services Corp will post 4.84 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 1.93%. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 23.14%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EFSC. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $70.00 price target (up previously from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th. Piper Sandler raised their target price on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, DA Davidson upped their price target on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th.

Enterprise Financial Services Company Profile

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.