Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $40.13, but opened at $41.34. Enterprise Bancorp shares last traded at $40.66, with a volume of 3,414 shares traded.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Enterprise Bancorp in a research note on Tuesday, March 25th. They set a "hold" rating for the company.
Get Our Latest Analysis on EBTC
Enterprise Bancorp Stock Performance
The company has a market cap of $484.28 million, a PE ratio of 12.46 and a beta of 0.49. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The business's 50 day moving average is $41.50 and its two-hundred day moving average is $37.81.
Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last posted its earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 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. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.57%. This is a positive change from Enterprise Bancorp's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, February 10th. Enterprise Bancorp's payout ratio is presently 32.05%.
Institutional Investors Weigh In On Enterprise Bancorp
Several institutional investors have recently made changes to their positions in EBTC. Vanguard Group Inc. grew its stake in shares of Enterprise Bancorp by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 492,405 shares of the savings and loans company's stock valued at $19,470,000 after buying an additional 8,238 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Enterprise Bancorp by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 376,137 shares of the savings and loans company's stock valued at $14,873,000 after buying an additional 9,203 shares during the period. Geode Capital Management LLC grew its stake in Enterprise Bancorp by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company's stock worth $7,467,000 after acquiring an additional 8,703 shares in the last quarter. State Street Corp raised its stake in shares of Enterprise Bancorp by 1.7% during the third quarter. State Street Corp now owns 200,176 shares of the savings and loans company's stock valued at $6,398,000 after acquiring an additional 3,257 shares in the last quarter. Finally, Banc Funds Co. LLC grew its stake in Enterprise Bancorp by 5.8% in the fourth quarter. Banc Funds Co. LLC now owns 112,158 shares of the savings and loans company's stock worth $4,435,000 after purchasing an additional 6,154 shares in the last quarter. Institutional investors own 38.93% of the company's stock.
About Enterprise Bancorp
(
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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