Enterprise Bancorp (NASDAQ:EBTC) Earns Hold Rating from Analysts at StockNews.com

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

Enterprise Bancorp Stock Up 3.9 %

NASDAQ:EBTC opened at $39.19 on Friday. 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 firm’s 50-day moving average price is $38.50 and its 200-day moving average price is $32.68. The company has a market capitalization of $487.09 million, a PE ratio of 13.51 and a beta of 0.54. Enterprise Bancorp has a 1-year low of $22.60 and a 1-year high of $44.08.

Institutional Trading of Enterprise Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in EBTC. Wellington Management Group LLP bought a new stake in Enterprise Bancorp in the third quarter worth $2,043,000. Assenagon Asset Management S.A. boosted its stake in Enterprise Bancorp by 102.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company’s stock worth $2,096,000 after purchasing an additional 33,153 shares in the last quarter. American Century Companies Inc. grew its position in Enterprise Bancorp by 35.4% during the 2nd quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock valued at $1,387,000 after purchasing an additional 14,563 shares during the last quarter. Siena Capital Partners GP LLC increased its stake in Enterprise Bancorp by 9.7% during the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock valued at $4,771,000 after purchasing an additional 13,222 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Enterprise Bancorp by 170.4% in the third quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock worth $664,000 after buying an additional 13,084 shares during the last quarter. Hedge funds and other institutional investors own 38.93% of the company’s stock.

About Enterprise Bancorp

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.