Empowered Funds LLC Purchases 20,398 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Empowered Funds LLC grew its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 21.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,328 shares of the bank's stock after buying an additional 20,398 shares during the quarter. Empowered Funds LLC owned 0.31% of Enterprise Financial Services worth $6,014,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Enterprise Financial Services in the second quarter worth approximately $29,000. Innealta Capital LLC bought a new stake in shares of Enterprise Financial Services in the 2nd quarter worth approximately $31,000. US Bancorp DE boosted its stake in shares of Enterprise Financial Services by 46.2% in the 3rd quarter. US Bancorp DE now owns 3,873 shares of the bank's stock valued at $199,000 after purchasing an additional 1,223 shares in the last quarter. EntryPoint Capital LLC grew its holdings in shares of Enterprise Financial Services by 87.4% during the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank's stock valued at $159,000 after purchasing an additional 1,831 shares during the last quarter. Finally, Meritage Portfolio Management purchased a new position in Enterprise Financial Services in the 3rd quarter worth $209,000. 72.21% of the stock is owned by institutional investors.

Insider Activity at Enterprise Financial Services

In related news, Director Richard Sanborn sold 100,000 shares of Enterprise Financial Services stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total value of $5,956,000.00. Following the sale, the director now owns 40,950 shares in the company, valued at $2,438,982. The trade was a 70.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is owned by company insiders.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $58.83 on Friday. 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 Corp has a fifty-two week low of $36.73 and a fifty-two week high of $61.68. The company has a market capitalization of $2.18 billion, a P/E ratio of 12.46 and a beta of 0.96. The stock has a 50 day moving average price of $52.75 and a two-hundred day moving average price of $47.05.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.15. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. The business had revenue of $164.89 million during the quarter, compared to analysts' expectations of $157.56 million. Analysts expect that Enterprise Financial Services Corp will post 4.77 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 1.90%. Enterprise Financial Services's dividend payout ratio (DPR) is presently 22.88%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped 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 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.