The stock of Enterprise Financial Services Corp (NASDAQ:EFSC) reached all time high today, Nov, 14 and still has $62.70 target or 69.00% above today’s $37.10 share price. This indicates more upside for the $774.70M company. This technical setup was reported by Barchart.com. If the $62.70 PT is reached, the company will be worth $534.54 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 60,433 shares traded hands. Enterprise Financial Services Corp (NASDAQ:EFSC) has risen 44.86% since April 12, 2016 and is uptrending. It has outperformed by 39.88% 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 firm earned “Neutral” rating on Thursday, November 12 by DA Davidson. DA Davidson maintained the stock with “Neutral” rating in Wednesday, October 12 report. Piper Jaffray initiated the shares of EFSC in a report on Monday, July 11 with “Overweight” rating.
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 2016 Q2. Its up 0.37, from 1.08 in 2016Q1. The ratio increased, 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.
Cortina Asset Mngmt Ltd Limited Liability Company last reported 0.26% of its portfolio in the stock. The New York-based Tower Research Ltd Liability Corporation (Trc) has invested 0% in Enterprise Financial Services Corp (NASDAQ:EFSC). Nordea Invest Ab owns 59,600 shares or 0% of their US portfolio. Voya Investment Mngmt Limited Liability Corp holds 0% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC) for 11,199 shares. Federated Pa holds 0.01% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC) for 91,441 shares. First Advsrs Limited Partnership last reported 0% of its portfolio in the stock. Moreover, Putnam Investments Lc has 0% invested in Enterprise Financial Services Corp (NASDAQ:EFSC) for 19,878 shares. Creative Planning owns 27,102 shares or 0.01% of their US portfolio. Aqr Capital Mgmt Llc accumulated 95,632 shares or 0% of the stock. Moreover, Acropolis Ltd Liability Company has 0.04% invested in Enterprise Financial Services Corp (NASDAQ:EFSC) for 7,620 shares. Systematic Financial Mngmt Lp has invested 0.02% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC). Manufacturers Life Company The, a Ontario – Canada-based fund reported 12,910 shares. Plancorp Ltd Liability Corporation last reported 29,569 shares in the company. Credit Suisse Ag has 41,964 shares for 0% of their US portfolio. Pdt Prns Ltd Co accumulated 8,500 shares or 0.02% of the stock.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 3 insider sales for $816,860 net activity. 9,000 shares with value of $258,810 were sold by MURPHY JAMES on Thursday, June 2.
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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