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

StockNews.com assumed coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a report published on Tuesday morning. The brokerage issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Price Performance

Shares of NASDAQ:EBTC opened at $40.13 on Tuesday. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.41. The company has a 50-day moving average price of $41.56 and a 200 day moving average price of $37.66. The company has a market cap of $499.98 million, a P/E ratio of 12.86 and a beta of 0.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

Enterprise Bancorp (NASDAQ:EBTC) last released its earnings results 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%.

Enterprise Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Enterprise Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 2.49%. Enterprise Bancorp’s dividend payout ratio (DPR) is 32.05%.

Institutional Investors Weigh In On Enterprise Bancorp

Institutional investors have recently modified their holdings of the company. Picton Mahoney Asset Management raised its holdings in 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 purchasing an additional 237 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 worth $225,000 after buying an additional 301 shares in the last quarter. Martingale Asset Management L P grew its stake in Enterprise Bancorp by 3.3% in the 4th quarter. Martingale Asset Management L P now owns 26,491 shares of the savings and loans company’s stock valued at $1,047,000 after acquiring an additional 850 shares during the last quarter. SG Americas Securities LLC increased its holdings in Enterprise Bancorp by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock valued at $175,000 after acquiring an additional 948 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Enterprise Bancorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company’s stock valued at $230,000 after acquiring an additional 1,267 shares in the last quarter. Hedge funds and other institutional investors 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.