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

StockNews.com started coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research note released on Saturday morning. The firm issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Stock Up 0.4 %

Shares of NASDAQ:EBTC opened at $36.80 on Friday. The company has a fifty day moving average of $38.28 and a 200-day moving average of $38.48. The company has a market capitalization of $458.49 million, a PE ratio of 11.79 and a beta of 0.56. 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 has a 52-week low of $22.60 and a 52-week high of $44.41.

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

Enterprise Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a $0.25 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.72%. Enterprise Bancorp’s dividend payout ratio is 30.58%.

Institutional Trading of Enterprise Bancorp

Several institutional investors have recently modified their holdings of EBTC. State Street Corp grew its stake in shares of Enterprise Bancorp by 1.7% in the third quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock worth $6,398,000 after purchasing an additional 3,257 shares during the last quarter. Barclays PLC grew its stake in shares of Enterprise Bancorp by 69.6% in the third quarter. Barclays PLC now owns 22,836 shares of the savings and loans company’s stock worth $729,000 after purchasing an additional 9,373 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Enterprise Bancorp by 3.9% in the third quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock worth $7,467,000 after purchasing an additional 8,703 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 13,084 shares during the last quarter. Finally, Harbor Group Inc. bought a new stake in shares of Enterprise Bancorp in the fourth quarter worth $203,000. 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.