The stock of Enterprise Financial Services Corp (NASDAQ:EFSC) hit a new 52-week high and has $45.12 target or 43.00% above today’s $31.55 share price. The 5 months bullish chart indicates low risk for the $638.94M company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $45.12 price target is reached, the company will be worth $274.74 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 42,177 shares traded hands. Enterprise Financial Services Corp (NASDAQ:EFSC) has risen 14.01% since March 4, 2016 and is uptrending. It has outperformed by 5.97% the S&P500.
Analysts await Enterprise Financial Services Corp (NASDAQ:EFSC) to report earnings on October, 27. They expect $0.56 earnings per share, up 16.67% or $0.08 from last year’s $0.48 per share. EFSC’s profit will be $11.34 million for 14.08 P/E if the $0.56 EPS becomes a reality. After $0.61 actual earnings per share reported by Enterprise Financial Services Corp for the previous quarter, Wall Street now forecasts -8.20% negative 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 4 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 company was downgraded on Thursday, November 12 by DA Davidson.
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 is positive, 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.
Financial Bank Of New York Mellon has invested 0% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC). Deprince Race And Zollo has 147,879 shares for 0.08% of their US portfolio. Ubs Asset Mngmt Americas holds 0% or 17,600 shares in its portfolio. Tower Limited (Trc) holds 0% or 702 shares in its portfolio. Victory Mgmt has 0% invested in the company for 35,910 shares. Spark, a New York-based fund reported 13,500 shares. Investment Counselors Of Maryland Ltd Llc, a Maryland-based fund reported 525,110 shares. Fuller And Thaler Asset accumulated 0% or 400 shares. Pl Cap Advsr Lc accumulated 770,282 shares or 7.32% of the stock. Moreover, Swiss Savings Bank has 0% invested in Enterprise Financial Services Corp (NASDAQ:EFSC) for 35,064 shares. Balyasny Asset Management Llc holds 12,709 shares or 0% of its portfolio. Voya Invest Limited Liability Company has 0% invested in the company for 11,199 shares. The Ontario – Canada-based Hillsdale Inv Mngmt Incorporated has invested 0.13% in Enterprise Financial Services Corp (NASDAQ:EFSC). Springbok Mngmt Ltd Co has invested 0.01% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC). Creative Planning owns 27,102 shares or 0.01% of their US portfolio.
Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 6 sales for $1.29 million net activity. 2,222 shares were sold by Goodman Scott Richard, worth $59,772 on Thursday, May 12. On Monday, May 2 the insider MURPHY JAMES sold $165,540.
Another recent and important Enterprise Financial Services Corp (NASDAQ:EFSC) news was published by Globenewswire.com which published an article titled: “Enterprise Financial Services Corp Announces Second Quarter 2016 Earnings …” on July 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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