Thrivent Financial for Lutherans trimmed its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 22.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 261,675 shares of the bank’s stock after selling 75,142 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.13% of Enterprise Financial Services worth $9,847,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EFSC. BlackRock Inc. grew its stake in Enterprise Financial Services by 4.0% in the 4th quarter. BlackRock Inc. now owns 1,754,043 shares of the bank’s stock valued at $66,005,000 after buying an additional 67,316 shares during the last quarter. Vanguard Group Inc. grew its stake in Enterprise Financial Services by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,119,467 shares of the bank’s stock valued at $59,388,000 after buying an additional 43,320 shares during the last quarter. Vanguard Group Inc grew its stake in Enterprise Financial Services by 4.0% in the 3rd quarter. Vanguard Group Inc now owns 1,119,467 shares of the bank’s stock valued at $59,388,000 after buying an additional 43,320 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Enterprise Financial Services by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,047,191 shares of the bank’s stock valued at $39,406,000 after buying an additional 19,498 shares during the last quarter. Finally, Earnest Partners LLC grew its stake in Enterprise Financial Services by 30.2% in the 3rd quarter. Earnest Partners LLC now owns 1,008,841 shares of the bank’s stock valued at $53,519,000 after buying an additional 234,141 shares during the last quarter. 78.47% of the stock is currently owned by institutional investors.

Shares of NASDAQ:EFSC traded down $0.38 on Wednesday, reaching $40.17. 280 shares of the company’s stock were exchanged, compared to its average volume of 98,215. Enterprise Financial Services Corp has a twelve month low of $36.09 and a twelve month high of $58.15. The firm has a market cap of $927.78 million, a PE ratio of 11.22, a PEG ratio of 1.10 and a beta of 1.16. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.68.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, January 21st. The bank reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.11. Enterprise Financial Services had a net margin of 32.31% and a return on equity of 14.50%. The firm had revenue of $61.30 million for the quarter, compared to analyst estimates of $59.43 million. On average, research analysts expect that Enterprise Financial Services Corp will post 3.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, March 14th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.13. Enterprise Financial Services’s dividend payout ratio is presently 15.51%.

A number of research analysts have issued reports on EFSC shares. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, January 23rd. ValuEngine upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, BidaskClub lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $55.25.

In related news, President Scott Richard Goodman sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $46.49, for a total transaction of $46,490.00. Following the sale, the president now owns 47,872 shares in the company, valued at approximately $2,225,569.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

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Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the financial 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.

Further Reading: Asset Allocation

Institutional Ownership by Quarter for Enterprise Financial Services (NASDAQ:EFSC)

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