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

Stock analysts at StockNews.com assumed coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a report released on Thursday. The firm set a “hold” rating on the savings and loans company’s stock.

Enterprise Bancorp Price Performance

NASDAQ:EBTC opened at $39.95 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market cap of $496.54 million, a PE ratio of 13.78 and a beta of 0.56. Enterprise Bancorp has a 12 month low of $22.60 and a 12 month high of $44.08. The company’s 50-day moving average price is $36.04 and its two-hundred day moving average price is $30.66.

Hedge Funds Weigh In On Enterprise Bancorp

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of Enterprise Bancorp by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock worth $8,797,000 after purchasing an additional 8,216 shares during the last quarter. Geode Capital Management LLC lifted its position in Enterprise Bancorp by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock worth $7,467,000 after buying an additional 8,703 shares in the last quarter. State Street Corp grew its holdings in Enterprise Bancorp by 1.7% during the 3rd quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock worth $6,398,000 after acquiring an additional 3,257 shares during the last quarter. Siena Capital Partners GP LLC increased its position in Enterprise Bancorp by 9.7% in the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock valued at $4,771,000 after acquiring an additional 13,222 shares in the last quarter. Finally, Banc Funds Co. LLC increased its position in Enterprise Bancorp by 5.0% in the 3rd quarter. Banc Funds Co. LLC now owns 106,004 shares of the savings and loans company’s stock valued at $3,388,000 after acquiring an additional 5,000 shares in the last quarter. 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.