Enterprise Bancorp (NASDAQ:EBTC) Earns Hold Rating from Analysts at StockNews.com

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

Enterprise Bancorp Price Performance

EBTC traded up $0.20 on Friday, reaching $37.40. 6,153 shares of the company's stock were exchanged, compared to its average volume of 28,506. The stock has a market cap of $466.02 million, a PE ratio of 11.98 and a beta of 0.56. 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 twelve month low of $22.60 and a twelve month high of $44.41. The stock's fifty day moving average price is $38.05 and its 200-day moving average price is $38.46.

Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last issued its 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 return on equity of 11.15% and a net margin of 15.30%. The company had revenue of $43.88 million during the quarter.

Enterprise Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.67%. Enterprise Bancorp's dividend payout ratio is currently 30.58%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Spinnaker Trust increased its stake in Enterprise Bancorp by 1.4% during the first quarter. Spinnaker Trust now owns 43,329 shares of the savings and loans company's stock worth $1,687,000 after purchasing an additional 601 shares during the period. GAMMA Investing LLC grew its stake in shares of Enterprise Bancorp by 3,483.8% in the first quarter. GAMMA Investing LLC now owns 9,927 shares of the savings and loans company's stock worth $386,000 after acquiring an additional 9,650 shares in the last quarter. BridgePort Financial Solutions LLC acquired a new stake in shares of Enterprise Bancorp in the fourth quarter valued at $321,000. Millennium Management LLC purchased a new position in Enterprise Bancorp in the fourth quarter valued at $871,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds 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.