Equities researchers at StockNews.com assumed coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) in a research note issued to investors on Thursday. The brokerage set a "hold" rating on the savings and loans company's stock.
Enterprise Bancorp Trading Up 0.1 %
Shares of NASDAQ:EBTC traded up $0.03 during trading on Thursday, reaching $43.05. 18,795 shares of the stock were exchanged, compared to its average volume of 40,249. 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 12-month low of $22.60 and a 12-month high of $44.41. The firm has a market cap of $535.11 million, a price-to-earnings ratio of 13.80 and a beta of 0.54. The firm's 50-day moving average price is $41.21 and its 200 day moving average price is $35.36.
Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) 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 return on equity of 11.15% and a net margin of 15.30%.
Hedge Funds Weigh In On Enterprise Bancorp
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Picton Mahoney Asset Management lifted its position in Enterprise Bancorp by 36.6% during the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company's stock worth $35,000 after acquiring an additional 237 shares in the last quarter. SG Americas Securities LLC acquired a new position in Enterprise Bancorp during the 3rd quarter worth approximately $111,000. Harbor Group Inc. acquired a new position in Enterprise Bancorp during the 4th quarter worth approximately $203,000. Private Advisor Group LLC acquired a new position in shares of Enterprise Bancorp in the 3rd quarter valued at approximately $212,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enterprise Bancorp in the 3rd quarter valued at approximately $223,000. 38.93% of the stock is owned by institutional investors and hedge funds.
Enterprise Bancorp Company Profile
(
Get Free Report)
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.
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