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

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

Enterprise Bancorp Price Performance

Shares of NASDAQ:EBTC opened at $39.63 on Monday. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $44.41. The business has a 50-day moving average of $41.42 and a two-hundred day moving average of $37.33. The stock has a market capitalization of $493.75 million, a P/E ratio of 12.70 and a beta of 0.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92.

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

Hedge Funds Weigh In On Enterprise Bancorp

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Enterprise Bancorp by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 492,405 shares of the savings and loans company’s stock worth $19,470,000 after purchasing an additional 8,238 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Enterprise Bancorp by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 376,137 shares of the savings and loans company’s stock worth $14,873,000 after purchasing an additional 9,203 shares during the period. Geode Capital Management LLC increased its stake in shares of Enterprise Bancorp by 3.9% in the third quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock worth $7,467,000 after purchasing an additional 8,703 shares during the period. State Street Corp increased its stake in shares of Enterprise Bancorp by 1.7% in the third quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock worth $6,398,000 after purchasing an additional 3,257 shares during the period. Finally, Siena Capital Partners GP LLC increased its stake in shares of Enterprise Bancorp by 9.7% in the third quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock worth $4,771,000 after purchasing an additional 13,222 shares during the period. 38.93% of the stock is currently 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.