Enterprise Bancorp (NASDAQ:EBTC) Sees Strong Trading Volume – Here’s Why

Shares of Enterprise Bancorp, Inc. (NASDAQ:EBTC) saw strong trading volume on Tuesday . 44,283 shares were traded during trading, an increase of 19% from the previous session’s volume of 37,177 shares.The stock last traded at $41.15 and had previously closed at $43.15.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Enterprise Bancorp in a report on Saturday. They set a “hold” rating for the company.

Enterprise Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $518.32 million, a P/E ratio of 13.45 and a beta of 0.54. The business’s 50-day moving average price is $41.46 and its 200-day moving average price is $36.59.

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

Enterprise Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.40%. Enterprise Bancorp’s dividend payout ratio is 32.05%.

Hedge Funds Weigh In On Enterprise Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in shares of Enterprise Bancorp in the 3rd quarter worth about $212,000. Wellington Management Group LLP bought a new stake in shares of Enterprise Bancorp during the 3rd quarter worth approximately $2,043,000. State Street Corp grew its position in Enterprise Bancorp by 1.7% in the 3rd quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock valued at $6,398,000 after acquiring an additional 3,257 shares during the last quarter. Barclays PLC increased its stake in Enterprise Bancorp by 69.6% in the third quarter. Barclays PLC now owns 22,836 shares of the savings and loans company’s stock worth $729,000 after purchasing an additional 9,373 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Enterprise Bancorp during the third quarter worth $223,000. Hedge funds and other institutional investors own 38.93% of the company’s stock.

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.