Enterprise Bancorp, Inc. (NASDAQ:EBTC - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 44,283 shares traded hands during mid-day trading, an increase of 19% from the previous session's volume of 37,177 shares.The stock last traded at $41.15 and had previously closed at $43.15.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on Enterprise Bancorp in a report on Saturday, March 1st. They issued a "hold" rating on the stock.
Read Our Latest Stock Analysis on EBTC
Enterprise Bancorp Stock Down 1.2 %
The firm has a market capitalization of $490.47 million, a PE ratio of 12.62 and a beta of 0.49. The company has a fifty day moving average price of $41.46 and a 200-day moving average price of $36.85. 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 (NASDAQ:EBTC - Get Free Report) last issued 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 return on equity of 11.15% and a net margin of 15.30%.
Enterprise Bancorp Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.54%. This is a boost from Enterprise Bancorp's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, February 10th. Enterprise Bancorp's dividend payout ratio is 32.05%.
Institutional Trading of Enterprise Bancorp
Several hedge funds have recently modified their holdings of the company. BridgePort Financial Solutions LLC purchased a new stake in shares of Enterprise Bancorp during the 4th quarter worth approximately $321,000. Millennium Management LLC bought a new position in shares of Enterprise Bancorp during the 4th quarter valued at approximately $871,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Enterprise Bancorp by 5.6% during 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 last quarter. Deutsche Bank AG increased its position in shares of Enterprise Bancorp by 319.1% during the 4th quarter. Deutsche Bank AG now owns 7,397 shares of the savings and loans company's stock valued at $292,000 after purchasing an additional 5,632 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of Enterprise Bancorp by 31.8% during the 4th quarter. Citadel Advisors LLC now owns 9,804 shares of the savings and loans company's stock valued at $388,000 after purchasing an additional 2,367 shares during the last quarter. 38.93% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
