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

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

Enterprise Bancorp Stock Up 0.5 %

Shares of EBTC stock opened at $39.10 on Wednesday. The firm’s fifty day moving average price is $41.32 and its two-hundred day moving average price is $37.98. Enterprise Bancorp has a 1 year low of $22.60 and a 1 year high of $44.41. 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 firm has a market capitalization of $487.15 million, a P/E ratio of 12.53 and a beta of 0.49.

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

Enterprise Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s dividend payout ratio (DPR) is 32.05%.

Institutional Investors Weigh In On Enterprise Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of EBTC. Picton Mahoney Asset Management increased its position in Enterprise Bancorp by 36.6% during the fourth quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock worth $35,000 after buying an additional 237 shares during the last quarter. SG Americas Securities LLC raised its stake 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 acquiring an additional 948 shares during the period. Harbor Group Inc. acquired a new stake in Enterprise Bancorp during the 4th quarter valued at $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Enterprise Bancorp by 5.6% during the fourth 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 during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Enterprise Bancorp by 27.9% in the fourth 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 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.