Research analysts at StockNews.com assumed coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) in a report released on Thursday. The brokerage set a "hold" rating on the savings and loans company's stock.
Enterprise Bancorp Stock Performance
EBTC traded up $0.66 during trading hours on Thursday, hitting $34.82. 2,978 shares of the stock were exchanged, compared to its average volume of 28,369. Enterprise Bancorp has a 12 month low of $22.60 and a 12 month high of $44.41. The stock has a 50-day simple moving average of $39.83 and a 200-day simple moving average of $38.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $433.76 million, a price-to-earnings ratio of 11.16 and a beta of 0.56.
Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last released its quarterly 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
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Enterprise Bancorp by 3,483.8% during the first quarter. GAMMA Investing LLC now owns 9,927 shares of the savings and loans company's stock valued at $386,000 after buying an additional 9,650 shares in the last quarter. BridgePort Financial Solutions LLC acquired a new position in Enterprise Bancorp in the 4th quarter worth approximately $321,000. Millennium Management LLC purchased a new position in Enterprise Bancorp during the 4th quarter worth approximately $871,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Enterprise Bancorp by 5.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company's stock valued at $225,000 after purchasing an additional 301 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Enterprise Bancorp by 319.1% in the fourth quarter. Deutsche Bank AG now owns 7,397 shares of the savings and loans company's stock worth $292,000 after buying an additional 5,632 shares during the period. Institutional investors and hedge funds own 38.93% of the company's stock.
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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