Investment analysts at StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) in a note issued to investors on Monday. The brokerage set a "hold" rating on the savings and loans company's stock.
Enterprise Bancorp Stock Performance
NASDAQ:EBTC traded down $0.19 during mid-day trading on Monday, reaching $39.57. The company's stock had a trading volume of 7,043 shares, compared to its average volume of 26,104. The firm's fifty day moving average price is $41.45 and its two-hundred day moving average price is $37.34. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market cap of $493.00 million, a P/E ratio of 12.70 and a beta of 0.49. Enterprise Bancorp has a 12-month low of $22.60 and a 12-month high of $44.41.
Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of EBTC. Empowered Funds LLC raised its stake in Enterprise Bancorp by 5.4% during the third quarter. Empowered Funds LLC now owns 58,007 shares of the savings and loans company's stock valued at $1,854,000 after purchasing an additional 2,948 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enterprise Bancorp during the third quarter valued at approximately $223,000. Siena Capital Partners GP LLC lifted its stake in shares of Enterprise Bancorp by 9.7% in the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company's stock valued at $4,771,000 after purchasing an additional 13,222 shares during the last quarter. Martingale Asset Management L P boosted its holdings in shares of Enterprise Bancorp by 6.0% in the 3rd quarter. Martingale Asset Management L P now owns 25,641 shares of the savings and loans company's stock worth $819,000 after purchasing an additional 1,441 shares during the period. Finally, Banc Funds Co. LLC increased its position in shares of Enterprise Bancorp by 5.0% during the 3rd quarter. Banc Funds Co. LLC now owns 106,004 shares of the savings and loans company's stock valued at $3,388,000 after purchasing an additional 5,000 shares during the last quarter. 38.93% of the stock is currently owned by institutional investors.
About Enterprise Bancorp
(
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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