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

StockNews.com started coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a report issued on Saturday morning. The firm issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Stock Up 1.4 %

Shares of EBTC stock opened at $43.15 on Friday. The stock has a market cap of $537.56 million, a P/E ratio of 13.83 and a beta of 0.54. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.41. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $41.41 and its two-hundred day simple moving average is $36.42.

Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a $0.25 dividend. The ex-dividend date is Monday, February 10th. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.32%. Enterprise Bancorp’s payout ratio is 32.05%.

Institutional Trading of Enterprise Bancorp

A number of large investors have recently made changes to their positions in the business. Picton Mahoney Asset Management increased its holdings in shares of Enterprise Bancorp by 36.6% in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Enterprise Bancorp by 5.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company’s stock worth $225,000 after buying an additional 301 shares during the last quarter. Martingale Asset Management L P increased its holdings in shares of Enterprise Bancorp by 3.3% in the 4th quarter. Martingale Asset Management L P now owns 26,491 shares of the savings and loans company’s stock worth $1,047,000 after buying an additional 850 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Enterprise Bancorp by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock worth $175,000 after buying an additional 948 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of 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 worth $230,000 after buying an additional 1,267 shares during the last quarter. 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.