Enterprise Bancorp (NASDAQ:EBTC) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Free Report) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the savings and loans company's stock.

Enterprise Bancorp Stock Up 1.4 %

Shares of NASDAQ:EBTC traded up $0.53 during trading hours on Friday, reaching $37.33. The stock had a trading volume of 22,421 shares, compared to its average volume of 28,478. The stock has a market capitalization of $465.09 million, a price-to-earnings ratio of 11.96 and a beta of 0.56. The firm's 50 day moving average is $38.28 and its 200-day moving average is $38.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. Enterprise Bancorp has a 1 year low of $22.60 and a 1 year high of $44.41.

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

Enterprise Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, May 12th. Enterprise Bancorp's dividend payout ratio is currently 30.58%.

Institutional Investors Weigh In On Enterprise Bancorp

Large investors have recently modified their holdings of the stock. Picton Mahoney Asset Management lifted its holdings in shares of Enterprise Bancorp by 36.6% in the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company's stock valued at $35,000 after buying an additional 237 shares during the period. SG Americas Securities LLC increased its holdings in Enterprise Bancorp by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company's stock valued at $175,000 after acquiring an additional 948 shares in the last quarter. Harbor Group Inc. purchased a new position in shares of Enterprise Bancorp during the 4th quarter worth approximately $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Enterprise Bancorp by 5.6% during the fourth 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 acquiring an additional 301 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of 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 purchasing an additional 1,267 shares during the last quarter. Hedge funds and other institutional investors own 38.93% of the company's stock.

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.