UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.36 Million Position in Enterprise Financial Services Corporation $EFSC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 9.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,285 shares of the bank’s stock after selling 8,189 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Enterprise Financial Services were worth $5,355,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Enterprise Financial Services during the second quarter worth about $235,007,000. Wellington Management Group LLP grew its stake in Enterprise Financial Services by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock valued at $159,414,000 after purchasing an additional 329,346 shares in the last quarter. Vanguard Group Inc. grew its stake in Enterprise Financial Services by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,371,519 shares of the bank’s stock valued at $128,062,000 after purchasing an additional 13,956 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Enterprise Financial Services by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank’s stock worth $118,435,000 after purchasing an additional 65,912 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Enterprise Financial Services by 6.0% during the 4th quarter. First Trust Advisors LP now owns 1,471,244 shares of the bank’s stock worth $79,447,000 after purchasing an additional 83,626 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Piper Sandler upped their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods increased their price target on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Raymond James Financial lifted their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Enterprise Financial Services presently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Enterprise Financial Services Stock Down 1.0%

EFSC opened at $64.00 on Wednesday. The stock’s fifty day simple moving average is $65.41 and its 200 day simple moving average is $61.03. Enterprise Financial Services Corporation has a 1-year low of $51.18 and a 1-year high of $68.73. The stock has a market cap of $2.32 billion, a PE ratio of 12.72 and a beta of 0.78. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). The company had revenue of $187.37 million for the quarter, compared to the consensus estimate of $189.15 million. Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%. As a group, research analysts expect that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.2%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, September 15th. Enterprise Financial Services’s dividend payout ratio (DPR) is 27.04%.

About Enterprise Financial Services

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.