Enterprise Bancorp (NASDAQ:EBTC) Earns Hold Rating from Analysts at StockNews.com

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

Enterprise Bancorp Trading Up 3.2 %

NASDAQ EBTC opened at $39.53 on Monday. The stock has a market cap of $492.46 million, a P/E ratio of 12.67 and a beta of 0.49. 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 company has a fifty day simple moving average of $41.37 and a two-hundred day simple moving average of $37.20. Enterprise Bancorp has a 12-month low of $22.60 and a 12-month 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 for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Magnetar Financial LLC purchased a new stake in Enterprise Bancorp during the 4th quarter worth about $2,562,000. Wellington Management Group LLP purchased a new position in Enterprise Bancorp in the 3rd quarter valued at $2,043,000. ABC Arbitrage SA purchased a new position in Enterprise Bancorp during the fourth quarter worth about $2,342,000. Spinnaker Trust purchased a new stake in shares of Enterprise Bancorp in the fourth quarter valued at approximately $1,689,000. Finally, Gardner Lewis Asset Management L P purchased a new position in shares of Enterprise Bancorp in the 4th quarter valued at about $1,521,000. Institutional investors and hedge funds own 38.93% of the company’s stock.

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.