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

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

Enterprise Bancorp Stock Down 1.1 %

EBTC stock opened at $42.66 on Friday. The stock has a market cap of $531.46 million, a PE ratio of 13.67 and a beta of 0.54. The firm’s 50-day simple moving average is $41.41 and its 200 day simple moving average is $36.48. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $44.41. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 EPS for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This is a boost from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.34%. Enterprise Bancorp’s dividend payout ratio is presently 32.05%.

Institutional Investors Weigh In On Enterprise Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of EBTC. Picton Mahoney Asset Management grew its position in 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 valued at $35,000 after buying an additional 237 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Enterprise Bancorp by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock worth $175,000 after acquiring an additional 948 shares during the period. Harbor Group Inc. bought a new position in shares of Enterprise Bancorp in the fourth quarter valued at approximately $203,000. Private Advisor Group LLC acquired a new position in shares of Enterprise Bancorp during the third quarter valued at approximately $212,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Enterprise Bancorp during the third quarter worth approximately $223,000. 38.93% of the stock is currently owned by institutional investors.

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.