Notable Mover: What’s Enterprise Financial Services Corp Upside After Achieving 52-Week High?

Notable Mover: What's Enterprise Financial Services Corp Upside After Achieving 52 Week High?

The stock of Enterprise Financial Services Corp (NASDAQ:EFSC) hit a new 52-week high and has $42.84 target or 9.00% above today’s $39.30 share price. The 8 months bullish chart indicates low risk for the $793.53 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $42.84 price target is reached, the company will be worth $71.42M 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 19,137 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 $12.52 million for 15.85 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 firm has “Neutral” rating given on Wednesday, October 12 by DA Davidson. As per Thursday, November 12, the company rating was downgraded by DA Davidson. The firm earned “Overweight” rating 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 1.65 in Q2 2016. Its up 0.20, from 1.45 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.
Catalyst Capital Advsr Ltd last reported 0.09% of its portfolio in the stock. Moreover, Martingale Asset Management Lp has 0.02% invested in Enterprise Financial Services Corp (NASDAQ:EFSC) for 39,340 shares. Strs Ohio has 1,300 shares for 0% of their US portfolio. Moreover, Teacher Retirement Systems Of Texas has 0% invested in Enterprise Financial Services Corp (NASDAQ:EFSC) for 2,847 shares. Moneta Inv Advsr Limited Liability Company last reported 0.5% of its portfolio in the stock. Parametric Portfolio Ltd Llc accumulated 0% or 44,062 shares. Ubs Asset Mngmt Americas has 0% invested in the company for 17,600 shares. Victory Capital Mngmt Inc accumulated 0% or 35,910 shares. Alliancebernstein Lp holds 79,645 shares or 0% of its portfolio. Great West Life Assurance Can last reported 0% of its portfolio in the stock. Royal Bancorporation Of Canada accumulated 0% or 5,720 shares. Chicago Equity Prtnrs Limited Liability Company reported 38,660 shares or 0.03% of all its holdings. Miles Cap has invested 0.17% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC). Secor Cap Lp reported 12,770 shares or 0.04% of all its holdings. Enterprise Fincl Svcs Corp last reported 776,826 shares in the company.

Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 3 sales for $816,860 net activity. MURPHY JAMES sold $258,810 worth of stock or 9,000 shares.

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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