UBS Group AG boosted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 94.2% in the 1st quarter, HoldingsChannel reports. The fund owned 4,099 shares of the bank’s stock after acquiring an additional 1,988 shares during the quarter. UBS Group AG’s holdings in Enterprise Financial Services were worth $192,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in EFSC. Xact Kapitalforvaltning AB purchased a new position in Enterprise Financial Services in the fourth quarter worth $241,000. Hsbc Holdings PLC purchased a new position in Enterprise Financial Services in the first quarter worth $264,000. Symphony Asset Management LLC purchased a new position in Enterprise Financial Services in the first quarter worth $428,000. MetLife Investment Advisors LLC purchased a new position in Enterprise Financial Services in the fourth quarter worth $487,000. Finally, Stifel Financial Corp increased its position in shares of Enterprise Financial Services by 65.8% in the first quarter. Stifel Financial Corp now owns 11,910 shares of the bank’s stock valued at $560,000 after buying an additional 4,725 shares in the last quarter. Hedge funds and other institutional investors own 78.89% of the company’s stock.
A number of research analysts have recently weighed in on EFSC shares. ValuEngine upgraded Enterprise Financial Services from a “hold” rating to a “buy” rating in a research report on Tuesday, April 24th. BidaskClub upgraded Enterprise Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 26th. Zacks Investment Research upgraded Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, April 26th. Finally, DA Davidson raised their price target on Enterprise Financial Services to $60.00 and gave the company an “in-line” rating in a research report on Wednesday, July 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $56.38.
Shares of Enterprise Financial Services opened at $56.35 on Monday, Marketbeat.com reports. Enterprise Financial Services Corp has a fifty-two week low of $36.65 and a fifty-two week high of $58.15. The firm has a market capitalization of $1.30 billion, a PE ratio of 21.84, a PEG ratio of 1.75 and a beta of 0.87. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 1.04.
Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, July 23rd. The bank reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. Enterprise Financial Services had a return on equity of 13.30% and a net margin of 25.87%. The business had revenue of $56.74 million during the quarter, compared to analysts’ expectations of $56.20 million. sell-side analysts anticipate that Enterprise Financial Services Corp will post 3.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a $0.12 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.85%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.11. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 17.05%.
Enterprise Financial Services 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. 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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