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

StockNews.com initiated coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Free Report) in a report issued on Sunday morning. The firm issued a hold rating on the savings and loans company's stock.

Enterprise Bancorp Trading Down 0.2 %

Shares of EBTC traded down $0.09 during trading hours on Friday, hitting $38.89. 1,076 shares of the stock were exchanged, compared to its average volume of 28,342. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $44.41. The business has a 50-day moving average of $37.56 and a 200-day moving average of $38.70. The firm has a market capitalization of $484.53 million, a P/E ratio of 12.46 and a beta of 0.73. 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 (NASDAQ:EBTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The savings and loans company reported $0.84 earnings per share for the quarter. The firm had revenue of $43.88 million during the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Monday, May 12th. Enterprise Bancorp's payout ratio is 30.58%.

Institutional Trading of Enterprise Bancorp

Several hedge funds have recently modified their holdings of EBTC. Picton Mahoney Asset Management increased its stake in Enterprise Bancorp by 36.6% in the fourth quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company's stock valued at $35,000 after purchasing an additional 237 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 during the period. Spinnaker Trust increased its position in Enterprise Bancorp by 1.4% in the 1st quarter. Spinnaker Trust now owns 43,329 shares of the savings and loans company's stock valued at $1,687,000 after buying an additional 601 shares in the last quarter. Martingale Asset Management L P raised its stake in Enterprise Bancorp by 3.3% during the 4th quarter. Martingale Asset Management L P now owns 26,491 shares of the savings and loans company's stock worth $1,047,000 after buying an additional 850 shares during the period. Finally, SG Americas Securities LLC raised its stake in Enterprise Bancorp by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company's stock worth $175,000 after buying an additional 948 shares during the period. Institutional investors 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.