Stock analysts at Wall Street Zen started coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a "hold" rating on the savings and loans company's stock.
Enterprise Bancorp Stock Down 0.5%
Shares of EBTC stock traded down $0.19 during trading on Tuesday, hitting $38.39. 21,278 shares of the company were exchanged, compared to its average volume of 28,976. 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 firm has a market capitalization of $480.18 million, a price-to-earnings ratio of 12.30 and a beta of 0.73. The business's 50-day simple moving average is $37.71 and its 200 day simple moving average is $39.19. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.41.
Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The savings and loans company reported $0.84 EPS for the quarter. The business had revenue of $43.88 million during the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.
Hedge Funds Weigh In On Enterprise Bancorp
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Picton Mahoney Asset Management boosted its stake in shares of Enterprise Bancorp by 36.6% in the 4th 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. SG Americas Securities LLC lifted its position 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Enterprise Bancorp by 5.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company's stock worth $225,000 after buying an additional 301 shares in the last quarter. Wells Fargo & Company MN lifted its position in Enterprise Bancorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company's stock worth $230,000 after buying an additional 1,267 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Enterprise Bancorp during the 1st quarter worth about $269,000. Institutional investors own 38.93% of the company's stock.
About Enterprise Bancorp
(
Get Free Report)
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.
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