UBS Asset Management Americas Inc. grew its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 24.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 19,780 shares of the bank’s stock after buying an additional 3,929 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Enterprise Financial Services were worth $823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisor Group Inc. raised its holdings in Enterprise Financial Services by 112.4% during the second quarter. Advisor Group Inc. now owns 1,512 shares of the bank’s stock worth $62,000 after purchasing an additional 800 shares during the last quarter. Swiss National Bank raised its holdings in shares of Enterprise Financial Services by 2.2% in the second quarter. Swiss National Bank now owns 47,264 shares of the bank’s stock worth $1,966,000 after acquiring an additional 1,000 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Enterprise Financial Services by 0.6% in the second quarter. Eagle Asset Management Inc. now owns 183,821 shares of the bank’s stock worth $7,646,000 after acquiring an additional 1,098 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Enterprise Financial Services by 21.9% in the second quarter. Cubist Systematic Strategies LLC now owns 6,762 shares of the bank’s stock worth $281,000 after acquiring an additional 1,217 shares during the last quarter. Finally, HGK Asset Management Inc. raised its holdings in shares of Enterprise Financial Services by 19.5% in the second quarter. HGK Asset Management Inc. now owns 10,324 shares of the bank’s stock worth $429,000 after acquiring an additional 1,687 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on EFSC. ValuEngine raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Raymond James began coverage on Enterprise Financial Services in a report on Thursday, September 19th. They issued an “outperform” rating and a $48.00 price target for the company. BidaskClub cut Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. Finally, Zacks Investment Research cut Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $52.00.

Shares of NASDAQ EFSC traded up $0.10 during trading on Wednesday, reaching $41.15. The company had a trading volume of 2,898 shares, compared to its average volume of 124,689. Enterprise Financial Services Corp has a twelve month low of $36.09 and a twelve month high of $51.88. The stock has a market capitalization of $1.11 billion, a PE ratio of 11.46 and a beta of 1.16. The stock has a 50-day moving average price of $40.32 and a two-hundred day moving average price of $41.01. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.86.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, July 22nd. The bank reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. Enterprise Financial Services had a return on equity of 13.19% and a net margin of 25.85%. The company had revenue of $73.68 million during the quarter, compared to analysts’ expectations of $72.27 million. On average, sell-side analysts predict that Enterprise Financial Services Corp will post 3.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.16 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.56%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.15. Enterprise Financial Services’s payout ratio is currently 17.73%.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.

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Institutional Ownership by Quarter for Enterprise Financial Services (NASDAQ:EFSC)

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