Enterprise Bancorp (NASDAQ:EBTC) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a report published on Thursday. The brokerage issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Price Performance

Shares of EBTC stock opened at $43.02 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $44.41. The firm has a market cap of $534.70 million, a P/E ratio of 13.79 and a beta of 0.54. The business’s 50 day moving average price is $41.08 and its 200-day moving average price is $35.17.

Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 2.32%. Enterprise Bancorp’s dividend payout ratio (DPR) is 32.05%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EBTC. Picton Mahoney Asset Management lifted its stake in shares of Enterprise Bancorp by 36.6% in the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock valued at $35,000 after purchasing an additional 237 shares during the period. Martingale Asset Management L P lifted its position in Enterprise Bancorp by 3.3% during the fourth quarter. Martingale Asset Management L P now owns 26,491 shares of the savings and loans company’s stock valued at $1,047,000 after buying an additional 850 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Enterprise Bancorp by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock valued at $175,000 after buying an additional 948 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Enterprise Bancorp by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company’s stock worth $230,000 after buying an additional 1,267 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Enterprise Bancorp by 10.0% in the 4th quarter. Rhumbline Advisers now owns 16,009 shares of the savings and loans company’s stock worth $633,000 after buying an additional 1,452 shares during the period. Hedge funds and other institutional investors own 38.93% of the company’s stock.

Enterprise Bancorp Company Profile

Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that engages in the provision of commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit.