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

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

Enterprise Bancorp Price Performance

Enterprise Bancorp stock opened at $40.00 on Tuesday. The stock has a market cap of $498.36 million, a P/E ratio of 12.82 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. The company’s 50 day moving average price is $41.55 and its two-hundred day moving average price is $37.69. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.41.

Enterprise Bancorp (NASDAQ:EBTC) last posted 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 return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.50%. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 32.05%.

Hedge Funds Weigh In On Enterprise Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of EBTC. Picton Mahoney Asset Management lifted its position in shares of Enterprise Bancorp by 36.6% during the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock valued at $35,000 after buying an additional 237 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Enterprise Bancorp by 27.3% in the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock worth $175,000 after purchasing an additional 948 shares in the last quarter. Harbor Group Inc. purchased a new stake in shares of Enterprise Bancorp during the 4th quarter valued at approximately $203,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Enterprise Bancorp during the 3rd quarter valued at approximately $223,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 in the last quarter. 38.93% of the stock is owned by 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.