Enterprise Bancorp (NASDAQ:EBTC) Now Covered by StockNews.com

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

Enterprise Bancorp Trading Up 0.3 %

Shares of EBTC stock opened at $43.02 on Thursday. The company has a market capitalization of $534.70 million, a PE ratio of 13.79 and a beta of 0.54. Enterprise Bancorp has a 52-week low of $22.60 and a 52-week high of $44.41. The business’s fifty day moving average is $41.08 and its 200 day moving average is $35.17. 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 (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 return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its holdings 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 worth $35,000 after purchasing an additional 237 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Enterprise Bancorp during the 3rd quarter valued at $111,000. Harbor Group Inc. purchased a new position in Enterprise Bancorp in the 4th quarter worth $203,000. Private Advisor Group LLC bought a new stake in Enterprise Bancorp in the third quarter worth $212,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enterprise Bancorp during the third quarter valued at about $223,000. 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.