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 research note published on Saturday morning. The firm issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Stock Down 1.3 %

NASDAQ EBTC opened at $38.76 on Friday. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $481.75 million, a PE ratio of 13.37 and a beta of 0.54. The firm has a 50-day simple moving average of $37.92 and a 200 day simple moving average of $32.16.

Enterprise Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Friday, November 8th. Enterprise Bancorp’s payout ratio is 33.10%.

Institutional Investors Weigh In On Enterprise Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Enterprise Bancorp by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock valued at $8,797,000 after buying an additional 8,216 shares during the last quarter. Geode Capital Management LLC increased its position in Enterprise Bancorp by 3.9% in the 3rd 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 stake 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 worth $6,398,000 after acquiring an additional 3,257 shares during the last quarter. Siena Capital Partners GP LLC lifted its position in shares of Enterprise Bancorp by 9.7% during the third quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock worth $4,771,000 after purchasing an additional 13,222 shares in the last quarter. Finally, Banc Funds Co. LLC grew its stake in shares of Enterprise Bancorp by 5.0% during the third quarter. Banc Funds Co. LLC now owns 106,004 shares of the savings and loans company’s stock valued at $3,388,000 after purchasing an additional 5,000 shares during the last quarter. 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.