Analysts at StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) in a note issued to investors on Saturday. The brokerage set a "hold" rating on the savings and loans company's stock.
Enterprise Bancorp Price Performance
EBTC stock traded up $0.47 during mid-day trading on Friday, hitting $39.26. The stock had a trading volume of 38,779 shares, compared to its average volume of 38,939. The firm has a fifty day simple moving average of $37.79 and a 200 day simple moving average of $31.99. The firm has a market capitalization of $487.96 million, a P/E ratio of 13.54 and a beta of 0.54. 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 $44.08.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Enterprise Bancorp by 170.4% during the third quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company's stock worth $664,000 after buying an additional 13,084 shares during the last quarter. Barclays PLC grew its position in Enterprise Bancorp by 69.6% during the 3rd quarter. Barclays PLC now owns 22,836 shares of the savings and loans company's stock worth $729,000 after acquiring an additional 9,373 shares during the last quarter. Geode Capital Management LLC increased its holdings in Enterprise Bancorp by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company's stock worth $7,467,000 after purchasing an additional 8,703 shares in the last quarter. Wellington Management Group LLP bought a new position in Enterprise Bancorp in the third quarter valued at about $2,043,000. Finally, State Street Corp boosted its stake in shares of Enterprise Bancorp by 1.7% during the third quarter. State Street Corp now owns 200,176 shares of the savings and loans company's stock valued at $6,398,000 after purchasing an additional 3,257 shares in the last quarter. Institutional investors and hedge funds own 38.93% of the company's stock.
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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