Traders Are Bullish Enterprise Financial Services Corp (EFSC) After The Stock Formed Bullish Double Top Chart Pattern

August 10, 2018 - By Matthew Richard

Enterprise Financial Services Corp (NASDAQ:EFSC) Logo

Investors sentiment decreased to 0.77 in 2018 Q1. Its down 0.20, from 0.97 in 2017Q4. It fall, as 9 investors sold Enterprise Financial Services Corp shares while 60 reduced holdings. 12 funds opened positions while 41 raised stakes. 16.90 million shares or 1.77% more from 16.61 million shares in 2017Q4 were reported.
Pl Capital Advisors Limited Liability Corp reported 534,646 shares. Moreover, Hsbc Public Limited has 0% invested in Enterprise Financial Services Corp (NASDAQ:EFSC) for 5,622 shares. Swiss Commercial Bank accumulated 40,864 shares. Kings Point Cap Management holds 9,600 shares or 0.09% of its portfolio. Banc Funds Ltd holds 697,094 shares or 1.67% of its portfolio. Balyasny Asset Ltd reported 5,214 shares or 0% of all its holdings. Clarivest Asset Limited Liability Company owns 202,058 shares. Brookstone holds 0.02% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC) for 5,580 shares. California State Teachers Retirement has invested 0% in Enterprise Financial Services Corp (NASDAQ:EFSC). Aqr Management Ltd Co holds 0.01% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC) for 219,785 shares. Thomson Horstmann Bryant holds 154,119 shares or 0.94% of its portfolio. Northern Corporation reported 0.01% stake. Systematic Financial Mngmt Limited Partnership has invested 0.03% in Enterprise Financial Services Corp (NASDAQ:EFSC). Brandywine Glob Ltd Liability holds 0.02% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC) for 69,170 shares. Earnest Ptnrs Limited Liability Company owns 771,522 shares or 0.34% of their US portfolio.

Since February 15, 2018, it had 0 insider purchases, and 4 selling transactions for $224,809 activity. BAUCHE DOUGLAS had sold 750 shares worth $39,023 on Friday, May 4.

The chart of Enterprise Financial Services Corp (EFSC) shows a double top with $60.03 target or 7.00 % above today’s $56.10 share price. The 6 months chart pattern indicates low risk for the $1.30 billion company. It was reported on Aug, 10 by Finviz.com. If the $60.03 price target is reached, the company will be worth $90.93M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.62% or $0.35 during the last trading session, reaching $56.1. About 4,626 shares traded. Enterprise Financial Services Corp (NASDAQ:EFSC) has risen 32.36% since August 10, 2017 and is uptrending. It has outperformed by 19.79% the S&P500.

Analysts await Enterprise Financial Services Corp (NASDAQ:EFSC) to report earnings on October, 22. They expect $0.89 earnings per share, up 28.99 % or $0.20 from last year’s $0.69 per share. EFSC’s profit will be $20.61M for 15.76 P/E if the $0.89 EPS becomes a reality. After $0.86 actual earnings per share reported by Enterprise Financial Services Corp for the previous quarter, Wall Street now forecasts 3.49 % EPS growth.

Enterprise Financial Services Corp (NASDAQ:EFSC) Ratings Coverage

Among 2 analysts covering Enterprise Financial Services Corp (NASDAQ:EFSC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Enterprise Financial Services Corp had 3 analyst reports since February 26, 2018 according to SRatingsIntel. The stock of Enterprise Financial Services Corp (NASDAQ:EFSC) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, April 24. The firm earned “Buy” rating on Wednesday, April 4 by Piper Jaffray. Keefe Bruyette & Woods maintained the shares of EFSC in report on Monday, February 26 with “Hold” rating.

More important recent Enterprise Financial Services Corp (NASDAQ:EFSC) news were published by: Seekingalpha.com which released: “Enterprise Financial Services Corporation (EFSC) CEO Jim Lally on Q2 2018 Results – Earnings Call Transcript” on July 25, 2018, also Benzinga.com published article titled: “Earnings Preview: Enterprise Financial”, Bizjournals.com published: “Enterprise Bank: Loans for businesses up 30 percent over last year in Phoenix area” on July 24, 2018. More interesting news about Enterprise Financial Services Corp (NASDAQ:EFSC) was released by: Businesswire.com and their article: “Enterprise Financial Reports Second Quarter 2018 Results” with publication date: July 23, 2018.

Enterprise Financial Services Corp operates as the holding firm for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company has market cap of $1.30 billion. The firm offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit. It has a 19.63 P/E ratio. The Company’s loan portfolio comprises commercial and industrial, commercial real estate, real estate construction and development, residential real estate, and consumer loans.

Enterprise Financial Services Corp (NASDAQ:EFSC) Institutional Positions Chart

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