Enterprise Bancorp Inc (NASDAQ:EBTC - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $39.59 and traded as low as $39.41. Enterprise Bancorp shares last traded at $39.50, with a volume of 15,448 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen assumed coverage on Enterprise Bancorp in a report on Tuesday, May 20th. They issued a "hold" rating on the stock.
Get Our Latest Report on EBTC
Enterprise Bancorp Price Performance
The company has a 50 day moving average price of $38.28 and a 200-day moving average price of $39.58. The company has a market cap of $480.76 million, a price-to-earnings ratio of 11.75 and a beta of 0.75. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.40.
Enterprise Bancorp (NASDAQ:EBTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The savings and loans company reported $0.84 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 11.18% and a net margin of 15.74%. The business had revenue of $43.88 million during the quarter.
Enterprise Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were given a dividend of $0.25 per share. The ex-dividend date was Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.60%. Enterprise Bancorp's payout ratio is presently 30.58%.
Hedge Funds Weigh In On Enterprise Bancorp
A number of institutional investors and hedge funds have recently made changes to their positions in EBTC. Vanguard Group Inc. grew its stake in Enterprise Bancorp by 4.9% in the first quarter. Vanguard Group Inc. now owns 516,581 shares of the savings and loans company's stock valued at $20,110,000 after acquiring an additional 24,176 shares during the period. Dimensional Fund Advisors LP grew its position in Enterprise Bancorp by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 376,137 shares of the savings and loans company's stock valued at $14,873,000 after purchasing an additional 9,203 shares during the period. American Century Companies Inc. increased its stake in Enterprise Bancorp by 112.4% during the 1st quarter. American Century Companies Inc. now owns 133,104 shares of the savings and loans company's stock valued at $5,182,000 after purchasing an additional 70,436 shares in the last quarter. Banc Funds Co. LLC raised its holdings in Enterprise Bancorp by 5.8% during the fourth quarter. Banc Funds Co. LLC now owns 112,158 shares of the savings and loans company's stock worth $4,435,000 after buying an additional 6,154 shares during the last quarter. Finally, Ategra Capital Management LLC lifted its stake in shares of Enterprise Bancorp by 44.2% in the fourth quarter. Ategra Capital Management LLC now owns 100,463 shares of the savings and loans company's stock valued at $3,972,000 after buying an additional 30,802 shares in the last quarter. Institutional investors own 38.93% of the company's stock.
Enterprise Bancorp Company Profile
(
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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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