Enterprise Bancorp (NASDAQ:EBTC) Coverage Initiated at StockNews.com

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

Enterprise Bancorp Stock Performance

Shares of NASDAQ:EBTC opened at $43.15 on Friday. The company has a market capitalization of $537.56 million, a price-to-earnings ratio of 13.83 and a beta of 0.54. Enterprise Bancorp has a 12 month low of $22.60 and a 12 month high of $44.41. The firm’s 50-day moving average is $41.41 and its 200 day moving average is $36.42. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.

Enterprise Bancorp (NASDAQ:EBTC) last issued its earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 EPS for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a $0.25 dividend. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, February 10th. Enterprise Bancorp’s dividend payout ratio is currently 32.05%.

Hedge Funds Weigh In On Enterprise Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Enterprise Bancorp by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 492,405 shares of the savings and loans company’s stock worth $19,470,000 after acquiring an additional 8,238 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 worth $14,873,000 after acquiring an additional 9,203 shares in the last quarter. Geode Capital Management LLC grew its stake in Enterprise Bancorp by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock worth $7,467,000 after acquiring an additional 8,703 shares in the last quarter. State Street Corp lifted its position in shares of Enterprise Bancorp by 1.7% in the 3rd quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock worth $6,398,000 after purchasing an additional 3,257 shares during the period. Finally, Siena Capital Partners GP LLC lifted its position in shares of Enterprise Bancorp by 9.7% in the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock worth $4,771,000 after purchasing an additional 13,222 shares during the period. 38.93% of the stock is currently owned by institutional investors.

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.