Thrivent Financial for Lutherans Buys 26,008 Shares of Enterprise Financial Services Corporation $EFSC

Thrivent Financial for Lutherans raised its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 995,541 shares of the bank’s stock after purchasing an additional 26,008 shares during the period. Thrivent Financial for Lutherans’ holdings in Enterprise Financial Services were worth $53,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Corp bought a new position in shares of Enterprise Financial Services during the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Enterprise Financial Services by 929.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after purchasing an additional 576 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Enterprise Financial Services by 65.0% during the 4th quarter. Signaturefd LLC now owns 812 shares of the bank’s stock valued at $44,000 after purchasing an additional 320 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Enterprise Financial Services during the 3rd quarter valued at about $92,000. Finally, Comerica Bank boosted its holdings in shares of Enterprise Financial Services by 17.4% during the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock valued at $118,000 after purchasing an additional 303 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Down 1.8%

Shares of NASDAQ:EFSC opened at $58.31 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. Enterprise Financial Services Corporation has a 12 month low of $50.88 and a 12 month high of $62.30. The company has a 50-day moving average price of $56.42 and a 200 day moving average price of $56.12. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 11.00 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%. The firm had revenue of $113.74 million during the quarter, compared to the consensus estimate of $174.02 million. As a group, equities research analysts predict that Enterprise Financial Services Corporation will post 5.55 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s payout ratio is 24.91%.

Insiders Place Their Bets

In related news, EVP Mark G. Ponder sold 1,250 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total value of $75,687.50. Following the sale, the executive vice president directly owned 23,526 shares of the company’s stock, valued at $1,424,499.30. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Wall Street Zen downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Piper Sandler increased their price target on shares of Enterprise Financial Services from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. DA Davidson increased their price target on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Raymond James Financial assumed coverage on shares of Enterprise Financial Services in a report on Tuesday, April 28th. They issued an “outperform” rating and a $65.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.00.

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.