Enterprise Bancorp, Inc. (NASDAQ:EBTC - Get Free Report) shares saw strong trading volume on Monday . 35,519 shares changed hands during trading, a decline of 12% from the previous session's volume of 40,249 shares.The stock last traded at $43.49 and had previously closed at $44.37.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Enterprise Bancorp in a research report on Thursday. They set a "hold" rating on the stock.
Get Our Latest Stock Report on Enterprise Bancorp
Enterprise Bancorp Price Performance
The stock has a market cap of $534.74 million, a P/E ratio of 13.79 and a beta of 0.54. The business has a 50 day simple moving average of $41.08 and a 200-day simple moving average of $35.17. 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 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 announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 yield of 2.32%. The ex-dividend date is Monday, February 10th. This is a positive change from Enterprise Bancorp's previous quarterly dividend of $0.24. Enterprise Bancorp's dividend payout ratio (DPR) is currently 30.77%.
Institutional Trading of Enterprise Bancorp
A number of hedge funds and other institutional investors have recently made changes to their positions in EBTC. Picton Mahoney Asset Management increased its holdings in Enterprise Bancorp by 36.6% during the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company's stock worth $35,000 after acquiring an additional 237 shares during the period. SG Americas Securities LLC bought a new position in shares of Enterprise Bancorp in the third quarter worth $111,000. Harbor Group Inc. purchased a new stake in shares of Enterprise Bancorp in the fourth quarter worth $203,000. Private Advisor Group LLC purchased a new position in Enterprise Bancorp during the third quarter worth about $212,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Enterprise Bancorp during the 3rd quarter valued at about $223,000. 38.93% of the stock is currently owned by 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.
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