StockNews.com started coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Free Report) in a report issued on Monday morning. The brokerage issued a hold rating on the savings and loans company's stock.
Enterprise Bancorp Price Performance
NASDAQ EBTC traded up $1.38 during trading hours on Monday, reaching $41.45. 52,068 shares of the stock traded hands, compared to its average volume of 40,520. The stock has a 50 day simple moving average of $38.83 and a two-hundred day simple moving average of $33.14. Enterprise Bancorp has a 1 year low of $22.60 and a 1 year high of $44.08. 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 cap of $515.22 million, a price-to-earnings ratio of 14.29 and a beta of 0.54.
Hedge Funds Weigh In On Enterprise Bancorp
A number of large investors have recently bought and sold shares of EBTC. SG Americas Securities LLC bought a new position in shares of Enterprise Bancorp during the third quarter valued at approximately $111,000. Harbor Group Inc. bought a new stake in Enterprise Bancorp in the fourth quarter worth $203,000. Private Advisor Group LLC bought a new position in shares of Enterprise Bancorp in the third quarter worth approximately $212,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enterprise Bancorp during the 3rd quarter valued at $223,000. Finally, Cabot Wealth Management Inc. bought a new position in Enterprise Bancorp during the 3rd quarter valued at about $234,000. 38.93% of the stock is owned by hedge funds and other institutional investors.
About Enterprise Bancorp
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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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