StockNews.com Begins Coverage on Enterprise Bancorp (NASDAQ:EBTC)

StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a report released on Tuesday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Enterprise Bancorp Stock Performance

Shares of NASDAQ EBTC opened at $39.96 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day moving average price of $41.56 and a 200 day moving average price of $37.68. The stock has a market capitalization of $497.86 million, a PE ratio of 12.81 and a beta of 0.49. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.41.

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

Institutional Investors Weigh In On Enterprise Bancorp

Several hedge funds have recently bought and sold shares of EBTC. Picton Mahoney Asset Management increased its position in 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 buying an additional 237 shares during the last quarter. SG Americas Securities LLC boosted its stake 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 worth $175,000 after acquiring an additional 948 shares during the period. Harbor Group Inc. bought a new position in shares of Enterprise Bancorp during the 4th quarter worth approximately $203,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enterprise Bancorp during the 3rd quarter worth approximately $223,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Enterprise Bancorp by 5.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company’s stock valued at $225,000 after acquiring an additional 301 shares during the period. 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.