Enterprise Bancorp (NASDAQ:EBTC) Coverage Initiated at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Enterprise Bancorp Price Performance

Enterprise Bancorp stock opened at $43.15 on Friday. 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 firm has a market capitalization of $537.56 million, a P/E ratio of 13.83 and a beta of 0.54. The business has a 50-day moving average of $41.41 and a 200-day moving average of $36.48. Enterprise Bancorp has a 1 year low of $22.60 and a 1 year high of $44.41.

Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Institutional Trading of Enterprise Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of EBTC. Picton Mahoney Asset Management grew its holdings in shares of Enterprise Bancorp by 36.6% in the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock valued at $35,000 after acquiring an additional 237 shares in the last quarter. SG Americas Securities LLC lifted its position in Enterprise Bancorp by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock worth $175,000 after acquiring an additional 948 shares during the last quarter. Harbor Group Inc. acquired a new stake in shares of Enterprise Bancorp in the fourth quarter valued at approximately $203,000. Private Advisor Group LLC acquired a new stake in shares of Enterprise Bancorp in the third quarter valued at approximately $212,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Enterprise Bancorp in the third quarter valued at approximately $223,000. 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.