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

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

Enterprise Bancorp Stock Performance

Shares of Enterprise Bancorp stock traded down $0.51 during trading hours on Monday, reaching $39.94. The company's stock had a trading volume of 5,078 shares, compared to its average volume of 28,715. The company's 50 day simple moving average is $37.60 and its 200 day simple moving average is $38.97. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. Enterprise Bancorp has a one year low of $22.60 and a one year high of $44.41. The stock has a market cap of $499.51 million, a P/E ratio of 12.81 and a beta of 0.73.

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 earnings per share (EPS) for the quarter. The company had revenue of $43.88 million for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be given a $0.25 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.00 annualized dividend and a yield of 2.50%. Enterprise Bancorp's dividend payout ratio is presently 30.58%.

Institutional Trading of Enterprise Bancorp

Hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its position in 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 during the last quarter. SG Americas Securities LLC lifted its position in Enterprise Bancorp by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company's stock valued at $175,000 after purchasing an additional 948 shares during the last quarter. Harbor Group Inc. bought a new stake in Enterprise Bancorp in the 4th quarter valued at about $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 purchasing an additional 301 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Enterprise Bancorp by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company's stock valued at $230,000 after purchasing an additional 1,267 shares during the last quarter. 38.93% of the stock is currently owned by institutional investors.

About Enterprise Bancorp

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.