StockNews.com initiated coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Free Report) in a report released on Friday. The firm issued a hold rating on the savings and loans company's stock.
Enterprise Bancorp Price Performance
EBTC stock traded down $0.90 during mid-day trading on Friday, reaching $42.45. The company's stock had a trading volume of 35,014 shares, compared to its average volume of 31,894. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $44.41. The stock has a market cap of $528.93 million, a PE ratio of 13.61 and a beta of 0.54. The company's 50 day moving average is $41.24 and its two-hundred day moving average is $35.80. 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 (NASDAQ:EBTC - Get Free Report) last announced 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 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 will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%. This is an increase from Enterprise Bancorp's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 10th. Enterprise Bancorp's dividend payout ratio (DPR) is presently 32.05%.
Institutional Trading of Enterprise Bancorp
A number of hedge funds and other institutional investors have recently modified their holdings of EBTC. Picton Mahoney Asset Management increased its position in shares of Enterprise Bancorp by 36.6% during 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 acquired a new stake in Enterprise Bancorp in the 3rd quarter valued at approximately $111,000. Harbor Group Inc. acquired a new stake in Enterprise Bancorp in the 4th quarter valued at approximately $203,000. Private Advisor Group LLC acquired a new stake in Enterprise Bancorp in the 3rd quarter valued at approximately $212,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Enterprise Bancorp in the third quarter valued at $223,000. 38.93% of the stock is owned by institutional investors and hedge funds.
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.
Read More
Before you consider Enterprise Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enterprise Bancorp wasn't on the list.
While Enterprise Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
