Enterprise Bancorp (NASDAQ:EBTC) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research note issued to investors on Saturday. The firm set a “hold” rating on the savings and loans company’s stock.

Enterprise Bancorp Trading Up 1.2 %

Shares of EBTC stock opened at $39.26 on Friday. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $44.08. The firm’s 50 day moving average price is $37.79 and its two-hundred day moving average price is $32.05. The stock has a market cap of $487.96 million, a price-to-earnings ratio of 13.54 and a beta of 0.54. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

Institutional Investors Weigh In On Enterprise Bancorp

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in Enterprise Bancorp by 170.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock worth $664,000 after acquiring an additional 13,084 shares during the period. Barclays PLC boosted its position in Enterprise Bancorp by 69.6% in the 3rd quarter. Barclays PLC now owns 22,836 shares of the savings and loans company’s stock valued at $729,000 after buying an additional 9,373 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Enterprise Bancorp by 3.9% during 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 acquiring an additional 8,703 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Enterprise Bancorp in the third quarter worth about $2,043,000. Finally, State Street Corp grew its stake in Enterprise Bancorp by 1.7% during the 3rd quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock valued at $6,398,000 after purchasing an additional 3,257 shares in the last quarter. Institutional investors and hedge funds 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.