Analysts at Wall Street Zen initiated coverage on shares of Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a "hold" rating on the savings and loans company's stock.
Enterprise Bancorp Trading Down 0.5%
Enterprise Bancorp stock traded down $0.20 during midday trading on Tuesday, reaching $38.19. 13,682 shares of the stock traded hands, compared to its average volume of 29,065. The firm has a market cap of $477.68 million, a PE ratio of 12.24 and a beta of 0.73. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a 50-day simple moving average of $37.65 and a two-hundred day simple moving average of $39.29. Enterprise Bancorp has a 12-month low of $22.60 and a 12-month high of $44.41.
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 (EPS) for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%. The business had revenue of $43.88 million for the quarter.
Institutional Trading of Enterprise Bancorp
Several hedge funds have recently modified their holdings of the stock. Gardner Lewis Asset Management L P acquired a new position in Enterprise Bancorp during the 4th quarter worth $1,521,000. Rhumbline Advisers boosted its stake in shares of Enterprise Bancorp by 10.0% in the 4th quarter. Rhumbline Advisers now owns 16,009 shares of the savings and loans company's stock valued at $633,000 after buying an additional 1,452 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Enterprise Bancorp by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 376,137 shares of the savings and loans company's stock worth $14,873,000 after buying an additional 9,203 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Enterprise Bancorp by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 492,405 shares of the savings and loans company's stock worth $19,470,000 after buying an additional 8,238 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of Enterprise Bancorp during the fourth quarter worth approximately $2,562,000. 38.93% of the stock is currently owned by institutional investors and hedge funds.
Enterprise Bancorp Company Profile
(
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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