Empowered Funds LLC purchased a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 163,572 shares of the bank’s stock, valued at approximately $10,776,000.
Several other institutional investors also recently bought and sold shares of EFSC. EverSource Wealth Advisors LLC increased its stake in Enterprise Financial Services by 929.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after buying an additional 576 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Enterprise Financial Services in the second quarter valued at approximately $60,000. Kestra Advisory Services LLC acquired a new stake in shares of Enterprise Financial Services in the fourth quarter worth approximately $99,000. Fifth Third Bancorp acquired a new stake in shares of Enterprise Financial Services in the first quarter worth approximately $109,000. Finally, Comerica Bank increased its position in shares of Enterprise Financial Services by 17.4% during the third quarter. Comerica Bank now owns 2,041 shares of the bank’s stock worth $118,000 after purchasing an additional 303 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.
Enterprise Financial Services Trading Up 0.1%
NASDAQ EFSC opened at $63.59 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $2.30 billion, a P/E ratio of 12.64 and a beta of 0.79. The firm’s 50-day moving average is $65.62 and its two-hundred day moving average is $60.85. Enterprise Financial Services Corporation has a 12 month low of $51.18 and a 12 month high of $68.73.
Enterprise Financial Services Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.35 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, September 15th. This represents a $1.40 annualized dividend and a yield of 2.2%. Enterprise Financial Services’s payout ratio is 27.04%.
Analyst Ratings Changes
EFSC has been the topic of a number of recent research reports. Wall Street Zen lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Piper Sandler lifted their price target on Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Raymond James Financial boosted their price target on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.00.
Get Our Latest Analysis on Enterprise Financial Services
Enterprise Financial Services Profile
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.
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