Analysts at StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) in a note issued to investors on Friday. The firm set a "hold" rating on the savings and loans company's stock.
Enterprise Bancorp Trading Down 1.3 %
Shares of Enterprise Bancorp stock traded down $0.53 on Friday, reaching $39.72. The company had a trading volume of 33,388 shares, compared to its average volume of 25,262. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $493.68 million, a PE ratio of 13.70 and a beta of 0.56. The firm's 50 day moving average price is $36.91 and its two-hundred day moving average price is $31.27. Enterprise Bancorp has a 52-week low of $22.60 and a 52-week high of $44.08.
Institutional Investors Weigh In On Enterprise Bancorp
Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Enterprise Bancorp by 170.4% in the third quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company's stock valued at $664,000 after purchasing an additional 13,084 shares in the last quarter. Barclays PLC boosted its position in Enterprise Bancorp by 69.6% in the 3rd quarter. Barclays PLC now owns 22,836 shares of the savings and loans company's stock valued at $729,000 after buying an additional 9,373 shares during the period. Geode Capital Management LLC increased its position in shares of Enterprise Bancorp by 3.9% during the third quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company's stock worth $7,467,000 after acquiring an additional 8,703 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Enterprise Bancorp during the third quarter worth $2,043,000. Finally, State Street Corp boosted its holdings in Enterprise Bancorp by 1.7% in 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 during the period. Hedge funds and other institutional investors 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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