Mutual of America Capital Management LLC Reduces Stock Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Mutual of America Capital Management LLC lessened its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,332 shares of the bank’s stock after selling 3,934 shares during the period. Mutual of America Capital Management LLC owned approximately 0.37% of Enterprise Financial Services worth $7,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new position in shares of Enterprise Financial Services during the 2nd quarter valued at about $29,000. Innealta Capital LLC acquired a new stake in Enterprise Financial Services during the second quarter worth about $31,000. EntryPoint Capital LLC raised its position in Enterprise Financial Services by 87.4% during the first quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock valued at $159,000 after acquiring an additional 1,831 shares in the last quarter. SG Americas Securities LLC acquired a new position in Enterprise Financial Services in the first quarter valued at approximately $178,000. Finally, US Bancorp DE lifted its holdings in Enterprise Financial Services by 46.2% in the third quarter. US Bancorp DE now owns 3,873 shares of the bank’s stock valued at $199,000 after acquiring an additional 1,223 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Richard Sanborn sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 40,950 shares of the company’s stock, valued at approximately $2,438,982. This trade represents a 70.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler lifted their target price on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd.

Enterprise Financial Services Price Performance

Shares of Enterprise Financial Services stock opened at $58.58 on Tuesday. The firm has a market cap of $2.18 billion, a PE ratio of 12.41 and a beta of 0.96. Enterprise Financial Services Corp has a twelve month low of $36.73 and a twelve month high of $61.68. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $52.91 and a 200 day moving average price of $47.24.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. The business had revenue of $164.89 million during the quarter, compared to analysts’ expectations of $157.56 million. Sell-side analysts predict that Enterprise Financial Services Corp will post 4.77 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.91%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, December 16th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 22.88%.

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.