Enterprise Bancorp (NASDAQ:EBTC) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) in a report issued on Saturday. The firm set a "hold" rating on the savings and loans company's stock.

Enterprise Bancorp Stock Performance

NASDAQ:EBTC opened at $36.66 on Friday. Enterprise Bancorp has a 12 month low of $22.60 and a 12 month high of $44.41. 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 firm has a market capitalization of $456.75 million, a PE ratio of 11.75 and a beta of 0.56. The business's fifty day moving average price is $38.41 and its 200 day moving average price is $38.35.

Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The savings and loans company reported $0.84 EPS for the quarter. The business had revenue of $43.88 million for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Picton Mahoney Asset Management lifted its position in Enterprise Bancorp by 36.6% in the fourth 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 last quarter. SG Americas Securities LLC increased its position in shares of Enterprise Bancorp by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company's stock worth $175,000 after purchasing an additional 948 shares in the last quarter. Harbor Group Inc. purchased a new stake in shares of Enterprise Bancorp in the 4th quarter valued at about $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Enterprise Bancorp by 5.6% in the 4th 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 during the period. Finally, Wells Fargo & Company MN grew its stake in Enterprise Bancorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company's stock worth $230,000 after buying an additional 1,267 shares during the last quarter. 38.93% of the stock is owned by hedge funds and other institutional investors.

Enterprise Bancorp Company Profile

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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