Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 2.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 138,332 shares of the bank’s stock after selling 3,934 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Enterprise Financial Services were worth $7,091,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EFSC. nVerses Capital LLC purchased a new stake in Enterprise Financial Services during the 2nd quarter valued at about $29,000. Innealta Capital LLC acquired a new position in shares of Enterprise Financial Services during the 2nd quarter worth approximately $31,000. EntryPoint Capital LLC boosted its holdings in shares of Enterprise Financial Services by 87.4% during the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock worth $159,000 after purchasing an additional 1,831 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Enterprise Financial Services in the first quarter valued at approximately $178,000. Finally, US Bancorp DE lifted its position in Enterprise Financial Services by 46.2% during the third quarter. US Bancorp DE now owns 3,873 shares of the bank’s stock worth $199,000 after buying an additional 1,223 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total value of $5,956,000.00. Following the sale, the director now owns 40,950 shares of the company’s stock, valued at $2,438,982. The trade was a 70.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price on 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 Stock Performance

NASDAQ:EFSC opened at $58.58 on Tuesday. The company’s 50-day moving average is $52.91 and its two-hundred day moving average is $47.24. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 12.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. Enterprise Financial Services Corp has a 1-year low of $36.73 and a 1-year high of $61.68.

Enterprise Financial Services (NASDAQ:EFSC) last released 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. The firm had revenue of $164.89 million for the quarter, compared to analysts’ expectations of $157.56 million. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. Analysts forecast that Enterprise Financial Services Corp will post 4.77 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.28 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 1.91%. The ex-dividend date is Monday, December 16th. Enterprise Financial Services’s payout ratio is 22.88%.

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.