Mutual of America Capital Management LLC Decreases Position in Enterprise Financial Services Corporation $EFSC

Mutual of America Capital Management LLC lessened its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,743 shares of the bank’s stock after selling 945 shares during the period. Mutual of America Capital Management LLC owned approximately 0.38% of Enterprise Financial Services worth $7,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its position in Enterprise Financial Services by 4.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,640 shares of the bank’s stock valued at $411,000 after buying an additional 302 shares during the period. Focus Partners Advisor Solutions LLC boosted its position in Enterprise Financial Services by 9.7% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 6,289 shares of the bank’s stock valued at $338,000 after buying an additional 554 shares during the period. CWM LLC boosted its position in Enterprise Financial Services by 83.6% in the 1st quarter. CWM LLC now owns 1,252 shares of the bank’s stock valued at $67,000 after buying an additional 570 shares during the period. Summit Securities Group LLC purchased a new position in Enterprise Financial Services in the 1st quarter valued at approximately $32,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Enterprise Financial Services by 302.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank’s stock worth $43,000 after purchasing an additional 596 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael E. Finn purchased 1,500 shares of Enterprise Financial Services stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of $54.11 per share, with a total value of $81,165.00. Following the completion of the transaction, the director directly owned 3,000 shares in the company, valued at approximately $162,330. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Piper Sandler assumed coverage on shares of Enterprise Financial Services in a research report on Wednesday, October 15th. They set a “neutral” rating and a $64.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.00.

Enterprise Financial Services Price Performance

Shares of EFSC opened at $54.97 on Tuesday. Enterprise Financial Services Corporation has a 1-year low of $45.22 and a 1-year high of $63.13. The stock has a market cap of $2.03 billion, a PE ratio of 10.43 and a beta of 0.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a fifty day moving average price of $58.66 and a 200 day moving average price of $55.31.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, July 28th. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.17. Enterprise Financial Services had a net margin of 21.28% and a return on equity of 11.19%. The firm had revenue of $176.05 million during the quarter, compared to analysts’ expectations of $166.82 million. As a group, sell-side analysts anticipate that Enterprise Financial Services Corporation will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.3%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, September 15th. Enterprise Financial Services’s dividend payout ratio is presently 23.53%.

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.