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

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

Enterprise Bancorp Stock Up 1.9 %

NASDAQ EBTC opened at $43.60 on Wednesday. Enterprise Bancorp has a 1-year low of $22.60 and a 1-year high of $44.08. The company has a market capitalization of $541.90 million, a price-to-earnings ratio of 13.97 and a beta of 0.54. The stock’s 50 day moving average is $40.25 and its two-hundred day moving average is $34.60. 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 announced 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 net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a dividend of $0.25 per share. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 2.29%. Enterprise Bancorp’s dividend payout ratio is currently 32.05%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP bought a new stake in shares of Enterprise Bancorp during the 3rd quarter valued at $2,043,000. ABC Arbitrage SA bought a new stake in Enterprise Bancorp in the fourth quarter valued at about $2,342,000. Spinnaker Trust acquired a new position in Enterprise Bancorp in the fourth quarter valued at about $1,689,000. Assenagon Asset Management S.A. boosted its holdings in Enterprise Bancorp by 102.2% during the third quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company’s stock worth $2,096,000 after buying an additional 33,153 shares during the last quarter. Finally, Siena Capital Partners GP LLC grew its position 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 buying an additional 13,222 shares during the period. 38.93% of the stock is currently owned by institutional investors and hedge funds.

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.