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

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

Enterprise Bancorp Price Performance

NASDAQ EBTC opened at $42.53 on Tuesday. The company has a 50-day moving average price of $39.54 and a two-hundred day moving average price of $34.02. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.08. The stock has a market cap of $528.65 million, a price-to-earnings ratio of 14.67 and a beta of 0.54. 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 posted its earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 EPS for the quarter. Enterprise Bancorp had a return on equity of 10.48% and a net margin of 14.53%.

Enterprise Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 2.35%. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s dividend payout ratio is presently 33.10%.

Institutional Trading of Enterprise Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Enterprise Bancorp in the third quarter valued at approximately $111,000. Harbor Group Inc. acquired a new position in shares of Enterprise Bancorp during the 4th quarter valued at $203,000. Private Advisor Group LLC bought a new stake in shares of Enterprise Bancorp in the 3rd quarter worth $212,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Enterprise Bancorp in the third quarter valued at $223,000. Finally, Cabot Wealth Management Inc. bought a new position in Enterprise Bancorp during the third quarter valued at about $234,000. 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.