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

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

Enterprise Bancorp Stock Performance

Shares of EBTC opened at $43.60 on Wednesday. The firm has a market cap of $541.90 million, a P/E ratio of 13.97 and a beta of 0.54. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $40.25 and its two-hundred day moving average price is $34.60.

Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a dividend of $0.25 per share. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 2.29%. The ex-dividend date is Monday, February 10th. Enterprise Bancorp’s dividend payout ratio is 32.05%.

Hedge Funds Weigh In On Enterprise Bancorp

A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in Enterprise Bancorp during the third quarter worth $111,000. Harbor Group Inc. acquired a new stake in shares of Enterprise Bancorp during the 4th quarter worth about $203,000. Private Advisor Group LLC bought a new stake in shares of Enterprise Bancorp during the 3rd quarter worth about $212,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Enterprise Bancorp in the 3rd quarter valued at about $223,000. Finally, Cabot Wealth Management Inc. bought a new position in Enterprise Bancorp in the 3rd quarter valued at about $234,000. 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.