The stock of Enterprise Financial Services Corp (NASDAQ:EFSC) reached all time high today, Nov, 24 and still has $40.77 target or 4.00% above today’s $39.20 share price. This indicates more upside for the $804.11 million company. This technical setup was reported by Barchart.com. If the $40.77 PT is reached, the company will be worth $32.16 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. The stock increased 0.90% or $0.35 on November 23, hitting $39.2. About 66,153 shares traded hands. Enterprise Financial Services Corp (NASDAQ:EFSC) has risen 46.27% since April 22, 2016 and is uptrending. It has outperformed by 40.86% the S&P500.
Analysts await Enterprise Financial Services Corp (NASDAQ:EFSC) to report earnings on January, 26. They expect $0.62 earnings per share, up 26.53% or $0.13 from last year’s $0.49 per share. EFSC’s profit will be $12.72M for 15.81 P/E if the $0.62 EPS becomes a reality. After $0.59 actual earnings per share reported by Enterprise Financial Services Corp for the previous quarter, Wall Street now forecasts 5.08% EPS growth.
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 stock of Enterprise Financial Services Corp (NASDAQ:EFSC) earned “Overweight” rating by Piper Jaffray on Monday, July 11. The rating was maintained by DA Davidson with “Neutral” on Wednesday, October 12. DA Davidson downgraded Enterprise Financial Services Corp (NASDAQ:EFSC) on Thursday, November 12 to “Neutral” 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 1.65 in 2016 Q2. Its up 0.20, from 1.45 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.
Fuller And Thaler Asset Mgmt accumulated 0% or 400 shares. California Pub Employees Retirement System accumulated 0% or 77,200 shares. State Teachers Retirement Systems last reported 0% of its portfolio in the stock. Lsv Asset Management last reported 0.01% of its portfolio in the stock. Kennedy Capital Management accumulated 0.09% or 155,915 shares. Metropolitan Life Company holds 0% or 13,870 shares in its portfolio. Retail Bank Of Montreal Can has 0% invested in the company for 472 shares. Acropolis Invest Lc has 0.04% invested in the company for 7,620 shares. Teachers Advsr last reported 32,860 shares in the company. Highbridge Capital Mgmt Ltd Liability Co owns 13,259 shares or 0.01% of their US portfolio. Cornercap Counsel Incorporated accumulated 0.1% or 19,435 shares. Wellington Management Grp Llp holds 0.01% or 1.75 million shares in its portfolio. National Bank & Trust Of Ny Mellon Corp accumulated 0% or 94,270 shares. Moreover, Virginia Retirement System Et Al has 0.01% invested in Enterprise Financial Services Corp (NASDAQ:EFSC) for 19,000 shares. Rhumbline Advisers last reported 23,716 shares in the company.
Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 3 selling transactions for $816,860 net activity. The insider MURPHY JAMES sold 9,000 shares worth $258,810.
Another recent and important Enterprise Financial Services Corp (NASDAQ:EFSC) news was published by Reuters.com which published an article titled: “BRIEF-Enterprise Financial Services Corp to acquire Jefferson County Bancs…” on October 11, 2016.
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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