Enterprise Bancorp (NASDAQ:EBTC) Sets New 12-Month High - Time to Buy?

Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $44.24 and last traded at $44.05, with a volume of 12205 shares. The stock had previously closed at $43.60.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Enterprise Bancorp in a research report on Wednesday, February 5th. They issued a "hold" rating on the stock.

Enterprise Bancorp Trading Down 1.3 %

The firm's 50 day moving average is $40.67 and its 200 day moving average is $34.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $537.10 million, a PE ratio of 13.85 and a beta of 0.54.

Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last released 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.31%. 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 payout ratio is 30.77%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in Enterprise Bancorp in the 3rd quarter worth approximately $111,000. Cabot Wealth Management Inc. bought a new position in Enterprise Bancorp during the third quarter valued at $234,000. Private Advisor Group LLC purchased a new position in shares of Enterprise Bancorp in the 3rd quarter worth $212,000. Assenagon Asset Management S.A. increased its holdings in shares of Enterprise Bancorp by 102.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company's stock worth $2,096,000 after buying an additional 33,153 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Enterprise Bancorp by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 58,007 shares of the savings and loans company's stock valued at $1,854,000 after buying an additional 2,948 shares in 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.