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

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

Enterprise Bancorp Stock Performance

EBTC opened at $42.53 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market cap of $528.65 million, a PE ratio of 14.67 and a beta of 0.54. The business has a fifty day simple moving average of $39.54 and a 200-day simple moving average of $34.02. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $44.08.

Enterprise Bancorp (NASDAQ:EBTC) last issued 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 return on equity of 10.48% and a net margin of 14.53%.

Enterprise Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a $0.25 dividend. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.35%. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 33.10%.

Institutional Trading of Enterprise Bancorp

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Enterprise Bancorp during the third quarter valued at $111,000. Harbor Group Inc. purchased a new position in Enterprise Bancorp during the 4th quarter valued at about $203,000. Private Advisor Group LLC acquired a new position in shares of Enterprise Bancorp in the 3rd quarter valued at about $212,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enterprise Bancorp in the 3rd quarter valued at about $223,000. Finally, Cabot Wealth Management Inc. purchased a new stake in shares of Enterprise Bancorp in the third quarter worth approximately $234,000. 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.