Traders are more bullish on Enterprises Finl Svc lately if you put credence in the decrease in short interest. The stock recorded a fall in short interest of -31.71% as of the latest report on October 13, 2017. Short interest decreased from 248,921 to 169,980 over that timeframe. Days to cover decreased from 3.0 to 2.0 and the percentage of shorted shares is 0.01% as of October 13.
Enterprises Finl Svc (NASDAQ:EFSC) has been the object of insider selling activity recently. Douglas Bauche, Chief Credit Officer reported the sale of 1,200 shares of EFSC stock. The shares were purchased at an average price of $38.11. The Chief Credit Officer now owns $62,462 of the stock according to the SEC filing.
These funds have shifted positions in (EFSC). Alliancebernstein L.p. divested its position by shedding 11,030 shares a decrease of 17.5% in the quarter. Alliancebernstein L.p. claims 51,935 shares with a value of $2,199,000. The value of the position overall is down by 14.4%. As of quarter end Moneta Group Investment Advisors LLC had bought 360 shares growing its stake by 0.5%. The value of the investment in EFSC went from $2,923,000 to $3,050,000 a change of $127,000 quarter to quarter.
As of the end of the quarter LSV Asset Management had disposed of a total of 800 shares trimming its position 0.5%. The value in dollars increased from $6,450,000 to $6,661,000 a change of 3.3% for the reporting period. Dimensional Fund Advisors LP expanded its ownership by buying 63,020 shares an increase of 6.8%. Dimensional Fund Advisors LP now holds 988,194 shares valued at $41,850,000. The total value of its holdings increased 10.9%.
On October 6 Piper Jaffray Companies made no change to the company rating of “Overweight” with a current price target of $49.00. October 3 investment analysts at Keefe, Bruyette & Woods held the company rating at “Hold” projecting a price of $46.00.
July 28 investment analysts at Piper Jaffray Companies maintained a stock rating of “Buy” targeting a price of $48.00.
The company is up by 0.35% percent from yesterday’s close. The company currently has a P/E ratio of 17.81 and the market cap is 992.94M. As of the latest earnings report the EPS was $2.42 with 23.06M shares currently outstanding.
Enterprise Financial Services Corp, launched on December 30, 1994, is a financial holding company. The Company is the holding company for Enterprise Bank & Trust (the Bank), a full service financial institution offering banking and wealth management services to individuals and corporate customers located in the St. Louis, Kansas City, and Phoenix metropolitan markets. The Company offers a range of business and personal banking services, and wealth management services. Its 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..