Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,906 shares of the bank's stock after selling 14,388 shares during the period. Thrivent Financial for Lutherans owned about 0.32% of Enterprise Financial Services worth $6,044,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC raised its holdings in Enterprise Financial Services by 8.6% during the first quarter. ProShare Advisors LLC now owns 6,525 shares of the bank's stock worth $265,000 after purchasing an additional 515 shares in the last quarter. Vanguard Group Inc. lifted its position in Enterprise Financial Services by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,020,424 shares of the bank's stock valued at $81,948,000 after acquiring an additional 25,576 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Enterprise Financial Services by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,824 shares of the bank's stock valued at $1,007,000 after acquiring an additional 1,269 shares in the last quarter. Boston Partners purchased a new position in shares of Enterprise Financial Services during the first quarter worth about $873,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Enterprise Financial Services during the second quarter worth about $1,394,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Analysts Set New Price Targets

Separately, Piper Sandler upped their target price on Enterprise Financial Services from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 100,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total value of $5,956,000.00. Following the sale, the director now owns 40,950 shares of the company's stock, valued at approximately $2,438,982. This represents a 70.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Enterprise Financial Services Stock Up 1.6 %

EFSC stock opened at $60.74 on Friday. Enterprise Financial Services Corp has a 12 month low of $36.73 and a 12 month high of $61.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 12.87 and a beta of 0.96. The company has a fifty day moving average price of $53.63 and a 200 day moving average price of $47.75.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.15. The company had revenue of $164.89 million during the quarter, compared to the consensus estimate of $157.56 million. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. Sell-side analysts expect that Enterprise Financial Services Corp will post 4.77 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.28 dividend. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.12 annualized dividend and a dividend yield of 1.84%. Enterprise Financial Services's dividend payout ratio (DPR) is 22.88%.

About Enterprise Financial Services

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.