Enterprise Bancorp (NASDAQ:EBTC) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research note issued to investors on Friday morning. The brokerage issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Trading Up 0.4 %

Shares of NASDAQ EBTC opened at $35.03 on Friday. 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 capitalization of $436.44 million, a P/E ratio of 11.23 and a beta of 0.56. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company’s 50 day simple moving average is $39.12 and its 200 day simple moving average is $38.28.

Enterprise Bancorp (NASDAQ:EBTC) last issued its earnings results on Thursday, April 17th. The savings and loans company reported $0.84 earnings per share (EPS) for the quarter. The firm had revenue of $43.88 million for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.85%. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 32.05%.

Institutional Trading of Enterprise Bancorp

Several hedge funds have recently bought and sold shares of the stock. Picton Mahoney Asset Management raised its holdings in shares of Enterprise Bancorp by 36.6% during the fourth quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock worth $35,000 after acquiring an additional 237 shares during the period. SG Americas Securities LLC lifted its position in shares of Enterprise Bancorp by 27.3% in the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock worth $175,000 after purchasing an additional 948 shares in the last quarter. Harbor Group Inc. acquired a new stake in Enterprise Bancorp in the 4th quarter valued at $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Enterprise Bancorp by 5.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company’s stock worth $225,000 after buying an additional 301 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings 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 valued at $230,000 after acquiring an additional 1,267 shares in the last quarter. 38.93% of the stock is currently owned by institutional investors and hedge funds.

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.