StockNews.com Begins Coverage on Enterprise Bancorp (NASDAQ:EBTC)

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

Enterprise Bancorp Stock Performance

Shares of EBTC opened at $37.75 on Friday. The company has a market capitalization of $470.29 million, a PE ratio of 12.10 and a beta of 0.49. Enterprise Bancorp has a 52-week low of $22.60 and a 52-week high of $44.41. The company has a 50-day simple moving average of $41.46 and a 200-day simple moving average of $36.91. 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 issued its earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BridgePort Financial Solutions LLC acquired a new stake in Enterprise Bancorp in the 4th quarter valued at about $321,000. Millennium Management LLC purchased a new position in shares of Enterprise Bancorp during the 4th quarter worth approximately $871,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Enterprise Bancorp by 5.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company’s stock worth $225,000 after purchasing an additional 301 shares in the last quarter. Deutsche Bank AG raised its position in shares of Enterprise Bancorp by 319.1% during the 4th quarter. Deutsche Bank AG now owns 7,397 shares of the savings and loans company’s stock worth $292,000 after purchasing an additional 5,632 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in Enterprise Bancorp by 31.8% in the 4th quarter. Citadel Advisors LLC now owns 9,804 shares of the savings and loans company’s stock valued at $388,000 after buying an additional 2,367 shares in the last quarter. Hedge funds and other 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.