Thrivent Financial for Lutherans Acquires 576,655 Shares of Enterprise Financial Services Corporation $EFSC

Thrivent Financial for Lutherans increased its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 146.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 969,533 shares of the bank’s stock after purchasing an additional 576,655 shares during the period. Thrivent Financial for Lutherans owned approximately 2.62% of Enterprise Financial Services worth $56,213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Keybank National Association OH increased its position in Enterprise Financial Services by 4.2% in the 3rd quarter. Keybank National Association OH now owns 8,001 shares of the bank’s stock worth $464,000 after buying an additional 322 shares during the period. California State Teachers Retirement System grew its stake in shares of Enterprise Financial Services by 1.0% in the second quarter. California State Teachers Retirement System now owns 34,482 shares of the bank’s stock worth $1,900,000 after acquiring an additional 345 shares during the last quarter. F m Investments LLC grew its stake in shares of Enterprise Financial Services by 0.5% in the second quarter. F m Investments LLC now owns 73,611 shares of the bank’s stock worth $4,056,000 after acquiring an additional 359 shares during the last quarter. Federated Hermes Inc. increased its position in Enterprise Financial Services by 20.6% during the third quarter. Federated Hermes Inc. now owns 2,631 shares of the bank’s stock worth $153,000 after acquiring an additional 449 shares during the period. Finally, First Horizon Corp acquired a new position in Enterprise Financial Services during the 3rd quarter valued at $26,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Stock Up 1.1%

NASDAQ EFSC opened at $57.35 on Monday. Enterprise Financial Services Corporation has a 1-year low of $45.22 and a 1-year high of $62.60. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 10.80 and a beta of 0.84. The stock’s 50 day moving average is $55.61 and its two-hundred day moving average is $56.36. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, January 26th. The bank reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The company had revenue of $190.95 million during the quarter, compared to analyst estimates of $188.54 million. Enterprise Financial Services had a return on equity of 10.74% and a net margin of 20.15%. Equities analysts forecast that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.33 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, March 13th. Enterprise Financial Services’s dividend payout ratio is currently 24.11%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Piper Sandler raised their price target on shares of Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Keefe, Bruyette & Woods decreased their target price on Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings lowered Enterprise Financial Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Finally, DA Davidson raised their price objective on Enterprise Financial Services from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Enterprise Financial Services Company Profile

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.