Enterprise Financial Services Corp (NASDAQ:EFSC) Stock Position Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 141,688 shares of the bank’s stock after acquiring an additional 3,356 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Enterprise Financial Services were worth $7,991,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EFSC. Versant Capital Management Inc bought a new position in Enterprise Financial Services in the 4th quarter valued at about $29,000. Quarry LP boosted its position in shares of Enterprise Financial Services by 2,593.5% during the 3rd quarter. Quarry LP now owns 835 shares of the bank’s stock valued at $43,000 after purchasing an additional 804 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Enterprise Financial Services during the 3rd quarter valued at about $102,000. FMR LLC boosted its position in shares of Enterprise Financial Services by 34.2% during the 3rd quarter. FMR LLC now owns 2,560 shares of the bank’s stock valued at $131,000 after purchasing an additional 653 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Enterprise Financial Services by 169.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock valued at $177,000 after purchasing an additional 2,172 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Price Performance

EFSC stock opened at $59.08 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.13. The firm has a market capitalization of $2.19 billion, a PE ratio of 12.21 and a beta of 0.99. The firm has a 50-day moving average of $58.19 and a two-hundred day moving average of $55.67.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. On average, analysts forecast that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 1.96%. Enterprise Financial Services’s dividend payout ratio is currently 23.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. DA Davidson raised their price objective on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $70.00 price objective (up previously from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th.

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.