StockNews.com started coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Free Report) in a research report released on Saturday. The firm issued a hold rating on the savings and loans company's stock.
Enterprise Bancorp Stock Performance
NASDAQ:EBTC traded down $1.70 during trading hours on Friday, reaching $40.96. The company had a trading volume of 42,719 shares, compared to its average volume of 37,310. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.41. The firm has a market cap of $510.28 million, a price-to-earnings ratio of 13.13 and a beta of 0.54. The firm's 50 day moving average price is $41.46 and its 200-day moving average price is $36.59.
Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last posted its 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 disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This is an increase from Enterprise Bancorp's previous quarterly dividend of $0.24. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.44%. Enterprise Bancorp's payout ratio is presently 32.05%.
Institutional Investors Weigh In On Enterprise Bancorp
Hedge funds have recently modified their holdings of the business. Picton Mahoney Asset Management grew its position in shares of 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 valued at $35,000 after acquiring an additional 237 shares during the period. SG Americas Securities LLC grew its position in shares of Enterprise Bancorp by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company's stock valued at $175,000 after acquiring an additional 948 shares during the period. Harbor Group Inc. bought a new stake in shares of Enterprise Bancorp during the 4th quarter valued at $203,000. Private Advisor Group LLC bought a new stake in shares of Enterprise Bancorp during the 3rd quarter valued at $212,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Enterprise Bancorp during the 3rd quarter valued at $223,000. Institutional investors own 38.93% of the company's stock.
About Enterprise Bancorp
(
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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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