Empowered Funds LLC Has $6.95 Million Stake in Enterprise Financial Services Corp (NASDAQ:EFSC)

Empowered Funds LLC lifted its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,282 shares of the bank's stock after buying an additional 5,954 shares during the quarter. Empowered Funds LLC owned about 0.33% of Enterprise Financial Services worth $6,953,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc bought a new position in Enterprise Financial Services during the 4th quarter worth approximately $29,000. Quarry LP boosted its stake in Enterprise Financial Services by 2,593.5% during the 3rd 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 bought a new position in Enterprise Financial Services during the 3rd quarter worth approximately $102,000. FMR LLC boosted its stake in Enterprise Financial Services by 34.2% during the 3rd quarter. FMR LLC now owns 2,560 shares of the bank's stock worth $131,000 after acquiring an additional 653 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in 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 acquiring an additional 2,172 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Enterprise Financial Services Stock Down 1.0 %

EFSC traded down $0.64 during trading on Friday, reaching $60.87. The company had a trading volume of 132,510 shares, compared to its average volume of 156,784. 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 12 month low of $37.28 and a 12 month high of $63.13. The business's fifty day moving average price is $57.97 and its 200 day moving average price is $54.88. The company has a market cap of $2.26 billion, a P/E ratio of 12.58 and a beta of 0.99.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Enterprise Financial Services Corp will post 4.84 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.91%. Enterprise Financial Services's dividend payout ratio (DPR) is 23.14%.

Analyst Upgrades and Downgrades

EFSC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $70.00 price objective (up previously from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th. DA Davidson lifted their price target on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, Piper Sandler lifted their price target 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.

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.