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

Stock analysts at StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a report issued on Saturday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Enterprise Bancorp Price Performance

Enterprise Bancorp stock opened at $39.26 on Friday. The firm’s 50-day moving average is $37.79 and its two-hundred day moving average is $32.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $487.96 million, a P/E ratio of 13.54 and a beta of 0.54. Enterprise Bancorp has a 12-month low of $22.60 and a 12-month high of $44.08.

Institutional Investors Weigh In On Enterprise Bancorp

Several hedge funds have recently made changes to their positions in EBTC. Dimensional Fund Advisors LP increased its stake in Enterprise Bancorp by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock valued at $8,797,000 after purchasing an additional 8,216 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Enterprise Bancorp by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock valued at $7,467,000 after acquiring an additional 8,703 shares during the last quarter. State Street Corp increased its stake in shares of Enterprise Bancorp by 1.7% during the 3rd quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock valued at $6,398,000 after acquiring an additional 3,257 shares during the last quarter. Siena Capital Partners GP LLC lifted its holdings in shares of Enterprise Bancorp by 9.7% during 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 acquiring an additional 13,222 shares during the period. Finally, Banc Funds Co. LLC boosted its position in shares of Enterprise Bancorp by 5.0% in the third quarter. Banc Funds Co. LLC now owns 106,004 shares of the savings and loans company’s stock worth $3,388,000 after acquiring an additional 5,000 shares during 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.