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

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

Enterprise Bancorp Trading Down 1.2 %

EBTC opened at $39.37 on Friday. The firm’s fifty day moving average is $41.46 and its two-hundred day moving average is $36.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $490.47 million, a PE ratio of 12.62 and a beta of 0.49. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.41.

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

Enterprise Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.54%. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, February 10th. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 32.05%.

Institutional Investors Weigh In On Enterprise Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Picton Mahoney Asset Management raised its holdings in shares of Enterprise Bancorp by 36.6% during the fourth 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. SG Americas Securities LLC raised its holdings in shares of 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 period. Harbor Group Inc. acquired a new stake in shares of Enterprise Bancorp during the fourth quarter worth $203,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Enterprise Bancorp during the third quarter worth $223,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Enterprise Bancorp by 5.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company’s stock valued at $225,000 after buying an additional 301 shares during the last quarter. 38.93% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Bancorp Company Profile

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.