Enterprise Bancorp (NASDAQ:EBTC) Now Covered by StockNews.com

StockNews.com started coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research note released on Friday morning. The firm issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Price Performance

NASDAQ:EBTC opened at $39.72 on Friday. The firm has a market cap of $493.68 million, a P/E ratio of 13.70 and a beta of 0.56. The stock has a 50 day moving average of $36.91 and a two-hundred day moving average of $31.27. Enterprise Bancorp has a 12 month low of $22.60 and a 12 month high of $44.08. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.

Enterprise Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, November 8th. Enterprise Bancorp’s dividend payout ratio (DPR) is 33.10%.

Institutional Investors Weigh In On Enterprise Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in EBTC. SG Americas Securities LLC acquired a new stake in shares of Enterprise Bancorp during the 3rd quarter worth approximately $111,000. Private Advisor Group LLC acquired a new stake in Enterprise Bancorp during the third quarter worth $212,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enterprise Bancorp in the third quarter valued at $223,000. Cabot Wealth Management Inc. acquired a new position in shares of Enterprise Bancorp in the 3rd quarter valued at $234,000. Finally, Rhumbline Advisers grew its holdings in shares of Enterprise Bancorp by 2.8% during the 2nd quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock worth $375,000 after purchasing an additional 406 shares during the period. Institutional investors and hedge funds own 38.93% of the company’s stock.

About Enterprise Bancorp

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.