Empowered Funds LLC Takes $10.78 Million Position in Enterprise Financial Services Corporation $EFSC

Empowered Funds LLC bought a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 163,572 shares of the bank’s stock, valued at approximately $10,776,000. Empowered Funds LLC owned 0.45% of Enterprise Financial Services at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Enterprise Financial Services in the second quarter valued at about $235,007,000. Bank of America Corp DE acquired a new stake in shares of Enterprise Financial Services during the second quarter worth about $22,714,000. Wellington Management Group LLP lifted its holdings in shares of Enterprise Financial Services by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock worth $159,414,000 after purchasing an additional 329,346 shares during the period. Glenmede Trust Co. NA purchased a new stake in Enterprise Financial Services in the first quarter valued at $10,093,000. Finally, Bank of New York Mellon Corp acquired a new stake in Enterprise Financial Services during the 2nd quarter worth about $11,415,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EFSC. Raymond James Financial boosted their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Wall Street Zen cut Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Keefe, Bruyette & Woods boosted their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Piper Sandler upped their price objective on Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Enterprise Financial Services currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Enterprise Financial Services Price Performance

Shares of Enterprise Financial Services stock opened at $63.59 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. Enterprise Financial Services Corporation has a twelve month low of $51.18 and a twelve month high of $68.73. The business has a 50-day moving average price of $65.62 and a 200 day moving average price of $60.85. The firm has a market cap of $2.30 billion, a PE ratio of 12.64 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%.The business had revenue of $187.37 million for the quarter, compared to analysts’ expectations of $189.15 million. Sell-side analysts predict that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.35 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, September 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Enterprise Financial Services’s payout ratio is 27.04%.

About Enterprise Financial Services

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.