Stock analysts at StockNews.com assumed coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) in a research report issued on Wednesday. The brokerage set a "hold" rating on the savings and loans company's stock.
Enterprise Bancorp Stock Performance
Shares of NASDAQ EBTC traded down $1.08 during trading hours on Wednesday, reaching $34.80. 33,444 shares of the stock were exchanged, compared to its average volume of 28,072. The firm has a market capitalization of $433.57 million, a price-to-earnings ratio of 11.15 and a beta of 0.56. The stock's fifty day simple moving average is $41.07 and its 200 day simple moving average is $38.08. 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 has a 52 week low of $22.60 and a 52 week high of $44.41.
Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last issued its quarterly earnings data 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%.
Institutional Investors Weigh In On Enterprise Bancorp
Several institutional investors have recently made changes to their positions in EBTC. Picton Mahoney Asset Management increased its stake in Enterprise Bancorp by 36.6% during the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company's stock worth $35,000 after acquiring an additional 237 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Enterprise Bancorp by 5.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company's stock worth $225,000 after purchasing an additional 301 shares in the last quarter. Martingale Asset Management L P increased its position in shares of Enterprise Bancorp by 3.3% in the fourth quarter. Martingale Asset Management L P now owns 26,491 shares of the savings and loans company's stock worth $1,047,000 after purchasing an additional 850 shares during the period. SG Americas Securities LLC raised its stake in Enterprise Bancorp by 27.3% in the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company's stock valued at $175,000 after purchasing an additional 948 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Enterprise Bancorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company's stock worth $230,000 after purchasing an additional 1,267 shares during the period. 38.93% of the stock is currently owned by institutional investors.
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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