Examining the Potential Price Growth of Enterprise Financial Services Corp (EFSC)


Enterprise Financial Services Corp’s recently made public that its Director GUEST ROBERT E JR acquired Company’s shares for reported $2031.0 on Jun 30. In the deal valued at $39.06 per share,52 shares were bought. As a result of this transaction, GUEST ROBERT E JR now holds 8,272 shares worth roughly $ 0.33 million.

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Then, MARSH STEPHEN P bought 2,473 shares, generating $99,909 in total proceeds. Upon buying the shares at $40.40, the Director now owns 47,540 shares.

Before that, Andrich Lyne bought 1,840 shares. Enterprise Financial Services Corp shares valued at $100,004 were divested by the Director at a price of $54.35 per share. As a result of the transaction, Andrich Lyne now holds 2,302 shares, worth roughly $91757.72.

Raymond James downgraded its Enterprise Financial Services Corp [EFSC] rating to a Mkt perform from a an Outperform in a research note published on Friday.

Price Performance Review of EFSC

On Friday, Enterprise Financial Services Corp [NASDAQ:EFSC] saw its stock jump 2.97% to $39.86. On the same session, the stock had its day’s lowest price of $39.04, but rose to a high of $39.94. Over the last five days, the stock has gained 2.42%. Enterprise Financial Services Corp shares have fallen nearly -18.59% since the year began. Nevertheless, the stocks have fallen -12.82% over the past one year. While a 52-week high of $56.35 was reached on 02/08/23, a 52-week low of $36.16 was recorded on 05/04/23. SMA at 50 days reached $40.52, while 200 days put it at $45.61. A total of 0.17 million shares were traded, compared to the trading of 0.1 million shares in the previous session.

Levels Of Support And Resistance For EFSC Stock

The 24-hour chart illustrates a support level at 39.29, which if violated will result in even more drops to 38.71. On the upside, there is a resistance level at 40.19. A further resistance level may holdings at 40.51. The Relative Strength Index (RSI) on the 14-day chart is 48.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.91%. Stochastics %K at 41.65% indicates the stock is a holding.

How much short interest is there in Enterprise Financial Services Corp?

A steep rise in short interest was recorded in Enterprise Financial Services Corp stocks on Aug 14, 2023, dropping by -0.16 million shares to a total of 0.4 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.55 million shares. There was a decline of -40.25%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.10% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.79.

Enterprise Financial Services Corp [EFSC] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 2,724,218 shares, or roughly 7.30% of the outstanding EFSC shares. In other words, the investor’s shares have risen by 203,956 from its previous 13-F filing of 2520262.0. Additionally, EARNEST Partners LLC decreased -19.45% of its stake after which the total value it holdings stand at $85,710,008, while Wellington Management Co. LLP added 18.08% of its stake to hold $78.9 million in the firm. Over the last quarter, The Vanguard Group, Inc. sold -2,819 shares of Enterprise Financial Services Corp, while Dimensional Fund Advisors LP sold 199,790 shares. At present, SSgA Funds Management, Inc. is holding 1,063,568 shares valued at $43.61 million. Macquarie Investment Management B owned 812,473 shares of the company at the time of its most recent 13F filing, worth $33.31 million.

According to FactSet, Enterprise Financial Services Corp’s share price will average $48.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 26.58 percent from its previous closing price of $38.71. Analysts expect Enterprise Financial Services Corp stock to reach the higher price of $50.00, while the lowest price estimate is $47.00. However, 5 analysts have rated EFSC stock as a Buy in their predictions for 2023.


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