UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 10.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,582 shares of the bank's stock after purchasing an additional 9,076 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of Enterprise Financial Services worth $5,447,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in EFSC. New York State Teachers Retirement System acquired a new position in Enterprise Financial Services during the 4th quarter worth $191,000. Crestline Management LP bought a new stake in shares of Enterprise Financial Services during the fourth quarter worth $203,000. Captrust Financial Advisors acquired a new position in shares of Enterprise Financial Services during the 4th quarter worth about $204,000. HighTower Advisors LLC acquired a new stake in Enterprise Financial Services in the 4th quarter valued at about $212,000. Finally, Summit Investment Advisors Inc. lifted its position in Enterprise Financial Services by 7.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank's stock worth $218,000 after acquiring an additional 265 shares during the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Enterprise Financial Services
In other news, CEO James Brian Lally sold 4,689 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $55.18, for a total transaction 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 represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods cut their target price 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 decreased their price target on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th.
Check Out Our Latest Stock Analysis on EFSC
Enterprise Financial Services Trading Down 0.4%
Shares of EFSC traded down $0.22 during mid-day trading on Thursday, hitting $51.69. 61,947 shares of the company's stock traded hands, compared to its average volume of 182,002. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a 1 year low of $37.31 and a 1 year high of $63.13. The firm has a market capitalization of $1.91 billion, a P/E ratio of 10.68 and a beta of 0.85. The business's 50-day moving average price is $51.51 and its 200-day moving average price is $55.78.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.14. The firm had revenue of $18.48 million for the quarter, compared to the consensus estimate of $162.83 million. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. As a group, sell-side analysts forecast that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.
Enterprise Financial Services Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.30 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.20 annualized dividend and a yield of 2.32%. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. Enterprise Financial Services's dividend payout ratio (DPR) is presently 23.53%.
Enterprise Financial Services Company Profile
(
Free Report)
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.
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