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

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

Enterprise Bancorp Stock Performance

NASDAQ:EBTC opened at $42.45 on Friday. The stock has a fifty day moving average price of $41.24 and a 200-day moving average price of $35.80. The company has a market cap of $528.93 million, a price-to-earnings ratio of 13.61 and a beta of 0.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $44.41.

Enterprise Bancorp (NASDAQ:EBTC) last released its earnings results 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 announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 10th. Enterprise Bancorp’s dividend payout ratio is presently 32.05%.

Institutional Trading of Enterprise Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. 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 worth $35,000 after buying an additional 237 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Enterprise Bancorp during the 3rd quarter worth $111,000. Harbor Group Inc. bought a new stake in shares of Enterprise Bancorp during the 4th quarter worth $203,000. Private Advisor Group LLC bought a new stake in shares of Enterprise Bancorp during the 3rd quarter worth $212,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Enterprise Bancorp during the 3rd quarter worth $223,000. 38.93% of the stock is currently owned by institutional investors.

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.