Enterprise Bancorp (NASDAQ:EBTC) Now Covered by Analysts at StockNews.com

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

Enterprise Bancorp Price Performance

Shares of NASDAQ:EBTC opened at $38.08 on Friday. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.41. The stock has a market capitalization of $474.40 million, a PE ratio of 12.21 and a beta of 0.49. The firm’s 50 day moving average price is $41.39 and its 200-day moving average price is $37.03. 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 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. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Monday, February 10th. Enterprise Bancorp’s dividend payout ratio (DPR) is 32.05%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Enterprise Bancorp by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 492,405 shares of the savings and loans company’s stock valued at $19,470,000 after purchasing an additional 8,238 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Enterprise Bancorp by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 376,137 shares of the savings and loans company’s stock valued at $14,873,000 after acquiring an additional 9,203 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Enterprise Bancorp by 3.9% in the third quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock valued at $7,467,000 after acquiring an additional 8,703 shares in the last quarter. State Street Corp raised its holdings in shares of Enterprise Bancorp by 1.7% in the third quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock valued at $6,398,000 after acquiring an additional 3,257 shares in the last quarter. Finally, Siena Capital Partners GP LLC raised its holdings in shares of Enterprise Bancorp by 9.7% in the third 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. 38.93% of the stock is owned by hedge funds and other institutional investors.

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.