Enterprise Bancorp, Inc. (NASDAQ:EBTC - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.54 and traded as high as $42.79. Enterprise Bancorp shares last traded at $42.79, with a volume of 44,925 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on Enterprise Bancorp in a research note on Wednesday. They set a "hold" rating for the company.
Check Out Our Latest Stock Report on EBTC
Enterprise Bancorp Price Performance
The stock has a 50 day simple moving average of $40.55 and a two-hundred day simple moving average of $34.82. The firm has a market cap of $544.06 million, a PE ratio of 14.03 and a beta of 0.54. 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 released its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from Enterprise Bancorp's previous quarterly dividend of $0.24. Enterprise Bancorp's payout ratio is currently 30.77%.
Hedge Funds Weigh In On Enterprise Bancorp
Several institutional investors and hedge funds have recently modified their holdings of EBTC. Wellington Management Group LLP purchased a new position in shares of Enterprise Bancorp in the 3rd quarter valued at about $2,043,000. ABC Arbitrage SA purchased a new position in shares of Enterprise Bancorp in the 4th quarter valued at about $2,342,000. Spinnaker Trust purchased a new position in shares of Enterprise Bancorp in the 4th quarter valued at about $1,689,000. Assenagon Asset Management S.A. increased its stake 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 valued at $2,096,000 after purchasing an additional 33,153 shares in the last quarter. Finally, Siena Capital Partners GP LLC increased its stake in shares of Enterprise Bancorp by 9.7% in the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company's stock valued at $4,771,000 after purchasing an additional 13,222 shares in the last quarter. Hedge funds and other institutional investors own 38.93% of the company's stock.
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
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