Mutual of America Capital Management LLC Sells 15,759 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Mutual of America Capital Management LLC decreased its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,266 shares of the bank’s stock after selling 15,759 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.38% of Enterprise Financial Services worth $5,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. F M Investments LLC acquired a new stake in Enterprise Financial Services in the 2nd quarter valued at approximately $8,884,000. Wellington Management Group LLP increased its position in Enterprise Financial Services by 7.0% during the fourth quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank’s stock worth $102,472,000 after acquiring an additional 150,023 shares during the period. American Century Companies Inc. raised its stake in Enterprise Financial Services by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock valued at $26,816,000 after purchasing an additional 104,960 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Enterprise Financial Services by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank’s stock worth $85,387,000 after purchasing an additional 99,703 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Enterprise Financial Services by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank’s stock worth $89,070,000 after purchasing an additional 48,583 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Trading Down 2.1 %

Shares of Enterprise Financial Services stock opened at $52.26 on Friday. The company’s fifty day moving average price is $50.38 and its two-hundred day moving average price is $43.00. The firm has a market capitalization of $1.96 billion, a PE ratio of 11.19 and a beta of 0.98. Enterprise Financial Services Corp has a 52-week low of $32.97 and a 52-week high of $54.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.15. The firm had revenue of $156.02 million during the quarter, compared to analyst estimates of $153.41 million. Enterprise Financial Services had a net margin of 19.61% and a return on equity of 10.95%. On average, analysts expect that Enterprise Financial Services Corp will post 4.6 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Monday, September 16th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.26. Enterprise Financial Services’s dividend payout ratio (DPR) is 23.13%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted their target price on Enterprise Financial Services from $45.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th.

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 94,815 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the completion of the transaction, the director now directly owns 139,460 shares in the company, valued at $7,493,185.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.

Enterprise Financial Services 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.