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

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

Enterprise Bancorp Stock Down 4.1 %

Shares of NASDAQ:EBTC opened at $37.75 on Friday. Enterprise Bancorp has a 1-year low of $22.60 and a 1-year high of $44.41. 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 cap of $470.29 million, a P/E ratio of 12.10 and a beta of 0.49. The firm has a fifty day moving average price of $41.46 and a 200 day moving average price of $36.91.

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

Hedge Funds Weigh In On Enterprise Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Picton Mahoney Asset Management raised its position in Enterprise Bancorp by 36.6% during the 4th 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 holdings in Enterprise Bancorp by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock worth $175,000 after purchasing an additional 948 shares in the last quarter. Harbor Group Inc. purchased a new position in Enterprise Bancorp during the fourth quarter worth about $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Enterprise Bancorp by 5.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company’s stock valued at $225,000 after purchasing an additional 301 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Enterprise Bancorp by 27.9% in the 4th 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 in the last quarter. 38.93% of the stock is currently owned by hedge funds and other 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.