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Enterprise Financial Services (EFSC) Reaches $47.20 52-Week High; United American Securities Cut Its Bank Of America Co (BAC) Stake

The stock of Enterprise Financial Services Corp (NASDAQ:EFSC) hit a new 52-week high and has $49.56 target or 5.00% above today’s $47.20 share price. The 9 months bullish chart indicates low risk for the $1.09B company. The 1-year high was reported on Jan, 16 by Barchart.com. If the $49.56 price target is reached, the company will be worth $54.45 million more. The stock decreased 0.11% or $0.05 during the last trading session, reaching $47.2. About 50,797 shares traded. Enterprise Financial Services Corp (NASDAQ:EFSC) has risen 51.30% since January 16, 2017 and is uptrending. It has outperformed by 34.60% the S&P500.

United American Securities Inc decreased Bank Of America Corporation Co (BAC) stake by 91.93% reported in 2017Q3 SEC filing. United American Securities Inc sold 232,880 shares as Bank Of America Corporation Co (BAC)’s stock declined 6.00%. The United American Securities Inc holds 20,450 shares with $518,000 value, down from 253,330 last quarter. Bank Of America Corporation Co now has $327.68B valuation. The stock increased 0.72% or $0.2252 during the last trading session, reaching $31.4152. About 59.68M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 16, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Since August 10, 2017, it had 0 buys, and 1 sale for $2.10 million activity. 86,763 Bank of America Corporation (NYSE:BAC) shares with value of $2.10M were sold by BRAMBLE FRANK P.

United American Securities Inc increased American Airls Group Inc Com (NASDAQ:AAL) stake by 56,500 shares to 65,000 valued at $3.09M in 2017Q3. It also upped Berkshire Hathaway Inc Del Cl (BRKB) stake by 6,555 shares and now owns 262,962 shares. Southwest Airls Co Com (NYSE:LUV) was raised too.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Robert W. Baird on Tuesday, October 31. The rating was upgraded by Vetr on Monday, August 24 to “Buy”. The firm earned “Buy” rating on Friday, October 13 by RBC Capital Markets. The firm has “Buy” rating by Jefferies given on Thursday, September 14. As per Monday, May 16, the company rating was downgraded by Wood. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by RBC Capital Markets on Friday, October 6. The firm has “Buy” rating given on Wednesday, December 20 by Wells Fargo. The rating was maintained by Citigroup on Monday, October 9 with “Neutral”. The firm earned “Hold” rating on Tuesday, September 1 by Macquarie Research. The company was downgraded on Monday, April 24 by Berenberg.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 17 before the open. They expect $0.46 earnings per share, up 15.00% or $0.06 from last year’s $0.4 per share. BAC’s profit will be $4.80 billion for 17.07 P/E if the $0.46 EPS becomes a reality. After $0.48 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It turned negative, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. 64,224 are owned by Pacific Alternative Asset Ltd. Beaumont Fin Prtnrs Ltd Limited Liability Company, Massachusetts-based fund reported 8,774 shares. Moreover, Madison Investment has 0.53% invested in Bank of America Corporation (NYSE:BAC). Nbt Bankshares N A holds 0.12% or 30,154 shares in its portfolio. 21,671 are owned by Albion Fincl Gp Inc Ut. Hutchin Hill Capital Ltd Partnership has 27,100 shares for 0.03% of their portfolio. Weiss Multi has invested 0.68% in Bank of America Corporation (NYSE:BAC). Whittier Communication Of Nevada stated it has 86,050 shares. Evercore Wealth Mngmt Lc stated it has 0.03% of its portfolio in Bank of America Corporation (NYSE:BAC). Swedbank invested 0.87% of its portfolio in Bank of America Corporation (NYSE:BAC). Ifc Hldgs Fl owns 123,576 shares for 0.22% of their portfolio. Sadoff Inv Limited Liability Corporation has 1.97 million shares for 4.47% of their portfolio. 40,207 were reported by Tru Of Vermont. Reliance Trust Of Delaware has 0.21% invested in Bank of America Corporation (NYSE:BAC). Ci has invested 1.31% in Bank of America Corporation (NYSE:BAC).

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 $1.09 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 19.58 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.

Since August 31, 2017, it had 0 buys, and 1 sale for $45,732 activity. Another trade for 1,200 shares valued at $45,732 was sold by BAUCHE DOUGLAS.

Investors sentiment decreased to 0.98 in Q3 2017. Its down 0.34, from 1.32 in 2017Q2. It dived, as 15 investors sold Enterprise Financial Services Corp shares while 49 reduced holdings. 14 funds opened positions while 49 raised stakes. 16.80 million shares or 0.55% less from 16.89 million shares in 2017Q2 were reported. Ativo Cap Limited Liability Com holds 0.27% or 24,007 shares. Morgan Stanley reported 134,557 shares. Parkside Bankshares And Trust invested in 0.26% or 15,978 shares. 534,646 were reported by Pl Capital Advisors Ltd Liability. Moreover, United Automobile Association has 0.01% invested in Enterprise Financial Services Corp (NASDAQ:EFSC). Art Limited Co stated it has 11,100 shares. Geode Mngmt Ltd stated it has 0% in Enterprise Financial Services Corp (NASDAQ:EFSC). Credit Suisse Ag holds 30,804 shares or 0% of its portfolio. Phocas Corporation holds 0.92% or 248,922 shares. Clark Cap Mgmt Grp reported 42,565 shares stake. Ameritas Inv has invested 0% in Enterprise Financial Services Corp (NASDAQ:EFSC). Bessemer Grp Inc Inc holds 0.01% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC) for 31,100 shares. Creative Planning invested in 0.01% or 46,257 shares. Hutchin Hill Capital L P owns 5,700 shares for 0.01% of their portfolio. Kings Point holds 9,600 shares.

Among 3 analysts covering Enterprise Financial Services (NASDAQ:EFSC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Enterprise Financial Services had 13 analyst reports since October 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, October 26 by Piper Jaffray. The firm has “Neutral” rating by DA Davidson given on Thursday, November 12. Keefe Bruyette & Woods maintained Enterprise Financial Services Corp (NASDAQ:EFSC) rating on Tuesday, October 3. Keefe Bruyette & Woods has “Hold” rating and $46.0 target. The stock of Enterprise Financial Services Corp (NASDAQ:EFSC) earned “Buy” rating by Piper Jaffray on Friday, October 6. Piper Jaffray maintained Enterprise Financial Services Corp (NASDAQ:EFSC) rating on Wednesday, December 6. Piper Jaffray has “Buy” rating and $53.5 target. As per Monday, July 11, the company rating was initiated by Piper Jaffray. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. The rating was maintained by Keefe Bruyette & Woods on Thursday, June 1 with “Hold”. The rating was maintained by Piper Jaffray on Thursday, July 13 with “Buy”. DA Davidson maintained the shares of EFSC in report on Wednesday, October 12 with “Neutral” rating.

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