Mosaic Family Wealth Partners LLC Boosts Stock Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Mosaic Family Wealth Partners LLC boosted its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 38.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,696 shares of the bank's stock after acquiring an additional 9,000 shares during the period. Mosaic Family Wealth Partners LLC owned 0.09% of Enterprise Financial Services worth $1,844,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Enterprise Financial Services by 437.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,223 shares of the bank's stock worth $1,310,000 after purchasing an additional 18,902 shares in the last quarter. Vanguard Group Inc. grew its position in Enterprise Financial Services by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,089,008 shares of the bank's stock valued at $117,820,000 after purchasing an additional 13,724 shares during the last quarter. Fisher Asset Management LLC grew its position in Enterprise Financial Services by 37.0% during the 4th quarter. Fisher Asset Management LLC now owns 74,195 shares of the bank's stock valued at $4,185,000 after purchasing an additional 20,033 shares during the last quarter. JPMorgan Chase & Co. grew its position in Enterprise Financial Services by 1.3% during the 4th quarter. JPMorgan Chase & Co. now owns 565,314 shares of the bank's stock valued at $31,884,000 after purchasing an additional 7,439 shares during the last quarter. Finally, Barclays PLC grew its position in Enterprise Financial Services by 73.3% during the 3rd quarter. Barclays PLC now owns 83,910 shares of the bank's stock valued at $4,302,000 after purchasing an additional 35,484 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Price Performance

EFSC traded up $1.01 during trading on Tuesday, hitting $53.59. 25,486 shares of the company traded hands, compared to its average volume of 214,611. The company has a market cap of $1.98 billion, a PE ratio of 11.07 and a beta of 0.85. The stock's 50-day simple moving average is $51.86 and its two-hundred day simple moving average is $56.05. Enterprise Financial Services Corp has a 1 year low of $37.28 and a 1 year high of $63.13. 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 (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The bank reported $1.31 EPS for the quarter, beating the consensus estimate of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. The business had revenue of $18.48 million during the quarter, compared to analyst estimates of $162.83 million. As a group, sell-side analysts anticipate that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, June 16th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.29. Enterprise Financial Services's dividend payout ratio (DPR) is 23.53%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EFSC shares. Keefe, Bruyette & Woods lowered their price objective on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. DA Davidson lowered their price objective on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th.

Insider Transactions at Enterprise Financial Services

In other news, CEO James Brian Lally sold 4,689 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $55.18, for a total value of $258,739.02. Following the completion of the sale, the chief executive officer now owns 106,974 shares in the company, valued at approximately $5,902,825.32. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $58.47, for a total transaction of $323,046.75. Following the sale, the director now owns 15,447 shares of the company's stock, valued at $903,186.09. The trade was a 26.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,614 shares of company stock worth $603,790. 2.30% of the stock is currently owned by insiders.

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.