StockNews.com started coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Free Report) in a research report report published on Wednesday morning. The firm issued a hold rating on the savings and loans company's stock.
Enterprise Bancorp Price Performance
Enterprise Bancorp stock traded down $0.60 during mid-day trading on Wednesday, hitting $43.77. The company's stock had a trading volume of 35,519 shares, compared to its average volume of 40,249. The stock has a market capitalization of $544.06 million, a P/E ratio of 14.03 and a beta of 0.54. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.41. The stock's fifty day moving average price is $40.55 and its two-hundred day moving average price is $34.82. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.
Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last announced its 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 return on equity of 11.15% and a net margin of 15.30%.
Enterprise Bancorp Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Monday, February 10th. This is a boost from Enterprise Bancorp's previous quarterly dividend of $0.24. Enterprise Bancorp's dividend payout ratio (DPR) is 30.77%.
Hedge Funds Weigh In On Enterprise Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Enterprise Bancorp during the 3rd quarter valued at $111,000. Harbor Group Inc. acquired a new position in Enterprise Bancorp during the fourth quarter worth $203,000. Private Advisor Group LLC acquired a new stake in shares of Enterprise Bancorp in the third quarter worth about $212,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Enterprise Bancorp in the 3rd quarter valued at approximately $223,000. Finally, Raymond James Financial Inc. bought a new stake in Enterprise Bancorp during the fourth quarter worth approximately $278,000. 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.
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