StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Free Report) in a report issued on Tuesday. The brokerage issued a hold rating on the savings and loans company's stock.
Enterprise Bancorp Price Performance
EBTC stock traded down $1.13 during mid-day trading on Tuesday, hitting $38.87. The stock had a trading volume of 15,719 shares, compared to its average volume of 27,874. The firm has a fifty day simple moving average of $41.55 and a 200 day simple moving average of $37.69. The firm has a market capitalization of $484.28 million, a P/E ratio of 12.46 and a beta of 0.49. 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 $44.41.
Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last announced its quarterly earnings data 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 was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This is an increase from Enterprise Bancorp's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Monday, February 10th. Enterprise Bancorp's dividend payout ratio is currently 32.05%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of EBTC. Magnetar Financial LLC acquired a new stake in shares of Enterprise Bancorp in the 4th quarter valued at approximately $2,562,000. Wellington Management Group LLP acquired a new stake in Enterprise Bancorp in the third quarter valued at approximately $2,043,000. ABC Arbitrage SA bought a new stake in shares of Enterprise Bancorp during the fourth quarter worth $2,342,000. Spinnaker Trust acquired a new position in shares of Enterprise Bancorp during the fourth quarter worth $1,689,000. Finally, Gardner Lewis Asset Management L P bought a new position in shares of Enterprise Bancorp in the 4th quarter valued at $1,521,000. Institutional investors own 38.93% of the company's stock.
About Enterprise Bancorp
(
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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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