The stock of Enterprise Financial Services Corp (NASDAQ:EFSC) hit a new 52-week high and has $55.94 target or 65.00% above today’s $33.90 share price. The 7 months bullish chart indicates low risk for the $677.37 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $55.94 price target is reached, the company will be worth $440.29 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,235 shares traded hands. Enterprise Financial Services Corp (NASDAQ:EFSC) has risen 32.00% since April 7, 2016 and is uptrending. It has outperformed by 27.21% the S&P500.
Enterprise Financial Services Corp (NASDAQ:EFSC) Ratings Coverage
Out of 2 analysts covering Enterprise Financial Services (NASDAQ:EFSC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Enterprise Financial Services has been the topic of 6 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The rating was downgraded by DA Davidson to “Neutral” on Thursday, November 12. DA Davidson maintained it with “Neutral” rating and $34 target price in Wednesday, October 12 report. The company was initiated on Monday, July 11 by Piper Jaffray.
According to Zacks Investment Research, “Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis and Kansas City, with a primary focus on serving the needs of privately held businesses, their owners and other success-minded individuals.”
Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.37, from 1.08 in 2016Q1. The ratio improved, as 5 funds sold all Enterprise Financial Services Corp shares owned while 37 reduced positions. 20 funds bought stakes while 41 increased positions. They now own 13.63 million shares or 0.26% less from 13.67 million shares in 2016Q1.
Moreover, Tower Rech Ltd Co (Trc) has 0% invested in Enterprise Financial Services Corp (NASDAQ:EFSC) for 702 shares. Teacher Retirement System Of Texas, a Texas-based fund reported 2,847 shares. Deutsche State Bank Ag last reported 24,480 shares in the company. Moreover, Catalyst Cap Advisors Limited Liability Company has 0.09% invested in Enterprise Financial Services Corp (NASDAQ:EFSC) for 17,300 shares. Enterprise Svcs Corp reported 776,826 shares or 12.76% of all its holdings. National Bank Of New York Mellon holds 94,270 shares or 0% of its portfolio. Alphaone Invest Limited Liability Corporation, a Pennsylvania-based fund reported 153,216 shares. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 900 shares. Goldman Sachs Group holds 0% or 14,591 shares in its portfolio. Panagora Asset Mngmt Inc owns 2,597 shares or 0% of their US portfolio. Moreover, Teachers Advsrs has 0% invested in Enterprise Financial Services Corp (NASDAQ:EFSC) for 32,860 shares. Salzhauer Michael, a New York-based fund reported 36,695 shares. Kennedy Capital Mgmt last reported 155,915 shares in the company. Thomson Horstmann Bryant Incorporated holds 384,257 shares or 1.39% of its portfolio. Wells Fargo & Mn holds 0% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC) for 28,002 shares.
Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 3 insider sales for $816,860 net activity. MURPHY JAMES also sold $529,600 worth of Enterprise Financial Services Corp (NASDAQ:EFSC) on Thursday, July 7. 2,222 shares were sold by Goodman Scott Richard, worth $59,772 on Thursday, May 12.
More news for Enterprise Financial Services Corp (NASDAQ:EFSC) were recently published by: Reuters.com, which released: “BRIEF-Enterprise Financial Services Corp to acquire Jefferson County Bancs…” on October 11, 2016. Bizjournals.com‘s article titled: “Enterprise Financial acquiring Jefferson County Bancshares” and published on October 11, 2016 is yet another important article.
EFSC Company Profile
Enterprise Financial Services Corp, incorporated on December 30, 1994, is a financial holding company. The Firm is the holding firm for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business clients primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets. The Firm offers a range of business and personal banking services, and wealth management services. Tax credit brokerage activities consist of the acquisition of Federal and State tax credits and the sale of these tax credits to clients. Enterprise Trust, a division of the Bank (Enterprise Trust or Trust), provides financial planning, estate planning, investment management, and trust services to businesses, individuals, institutions, retirement plans and non-profit organizations. Enterprise Trust offers a range of fiduciary, investment management and financial advisory services.
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