UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,189 Shares of 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 second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,285 shares of the bank’s stock after selling 8,189 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of Enterprise Financial Services worth $5,355,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Empowered Funds LLC acquired a new stake in shares of Enterprise Financial Services during the 2nd quarter worth approximately $10,776,000. Capstone Investment Advisors LLC acquired a new position in Enterprise Financial Services in the second quarter valued at approximately $319,000. Pure Financial Advisors LLC bought a new position in Enterprise Financial Services in the second quarter valued at approximately $409,000. Corient Private Wealth LP bought a new position in Enterprise Financial Services in the second quarter valued at approximately $2,598,000. Finally, Bank of America Corp DE acquired a new stake in Enterprise Financial Services during the 2nd quarter worth $22,714,000. Institutional investors own 72.21% of the company’s stock.

Analyst Ratings Changes

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

Enterprise Financial Services Price Performance

EFSC stock opened at $64.00 on Wednesday. The stock has a 50-day moving average price of $65.41 and a two-hundred day moving average price of $61.03. 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 Corporation has a 1 year low of $51.18 and a 1 year high of $68.73.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). The firm had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. Equities analysts forecast that Enterprise Financial Services Corporation will post 5.31 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

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