StockNews.com Begins Coverage on Enterprise Bancorp (NASDAQ:EBTC)

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

Enterprise Bancorp Stock Up 1.3 %

EBTC opened at $37.73 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Bancorp has a 12 month low of $22.60 and a 12 month high of $44.08. The stock has a market capitalization of $468.95 million, a P/E ratio of 13.01 and a beta of 0.54. The business has a 50 day simple moving average of $38.38 and a 200-day simple moving average of $32.58.

Hedge Funds Weigh In On Enterprise Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP purchased a new stake in Enterprise Bancorp during the third quarter worth about $2,043,000. Assenagon Asset Management S.A. lifted its position in shares of Enterprise Bancorp by 102.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company’s stock valued at $2,096,000 after acquiring an additional 33,153 shares during the period. American Century Companies Inc. boosted its stake in shares of Enterprise Bancorp by 35.4% during the 2nd quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock worth $1,387,000 after acquiring an additional 14,563 shares in the last quarter. Siena Capital Partners GP LLC grew its holdings in shares of 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 worth $4,771,000 after acquiring an additional 13,222 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Enterprise Bancorp by 170.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock valued at $664,000 after purchasing an additional 13,084 shares in the last quarter. 38.93% of the stock is owned by institutional investors and hedge funds.

About Enterprise Bancorp

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.