Thrivent Financial for Lutherans Decreases Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Thrivent Financial for Lutherans cut its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,206 shares of the bank's stock after selling 15,700 shares during the period. Thrivent Financial for Lutherans owned approximately 0.28% of Enterprise Financial Services worth $5,765,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EFSC. US Bancorp DE lifted its holdings in shares of Enterprise Financial Services by 5.7% during the 4th quarter. US Bancorp DE now owns 4,095 shares of the bank's stock valued at $231,000 after buying an additional 222 shares during the period. Oppenheimer Asset Management Inc. increased its position in Enterprise Financial Services by 1.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank's stock valued at $1,762,000 after acquiring an additional 297 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Enterprise Financial Services by 7.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,141 shares of the bank's stock valued at $403,000 after acquiring an additional 502 shares during the period. Versant Capital Management Inc purchased a new position in Enterprise Financial Services in the fourth quarter worth about $29,000. Finally, FMR LLC grew its stake in shares of Enterprise Financial Services by 34.2% during the 3rd quarter. FMR LLC now owns 2,560 shares of the bank's stock valued at $131,000 after purchasing an additional 653 shares during the period. 72.21% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on EFSC shares. DA Davidson increased their price objective on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $70.00 price target (up from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th.

Enterprise Financial Services Stock Performance

EFSC traded down $0.30 during midday trading on Thursday, reaching $55.32. The company had a trading volume of 144,925 shares, compared to its average volume of 159,895. The business has a 50-day moving average of $58.16 and a two-hundred day moving average of $56.22. 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 $37.28 and a 1 year high of $63.13. The company has a market cap of $2.05 billion, a P/E ratio of 11.43 and a beta of 0.97.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. As a group, equities research analysts predict that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.29 per share. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.10%. Enterprise Financial Services's payout ratio is 23.97%.

Insider Buying and Selling

In related news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the sale, the director now owns 15,447 shares of the company's stock, valued at approximately $903,186.09. This trade represents a 26.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by insiders.

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 primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.