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

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

Enterprise Bancorp Stock Performance

Shares of EBTC stock opened at $39.10 on Wednesday. The stock has a market cap of $487.15 million, a PE ratio of 12.53 and a beta of 0.49. The stock has a 50-day moving average of $41.32 and a 200-day moving average of $37.98. 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 has a one year low of $22.60 and a one year high of $44.41.

Enterprise Bancorp (NASDAQ:EBTC) last issued its 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 was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.56%. This is a boost from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, February 10th. Enterprise Bancorp’s payout ratio is presently 32.05%.

Hedge Funds Weigh In On Enterprise Bancorp

Several institutional investors have recently modified their holdings of the business. State Street Corp raised its holdings in Enterprise Bancorp by 1.7% during the 3rd quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock worth $6,398,000 after buying an additional 3,257 shares during the period. Wellington Management Group LLP bought a new stake in Enterprise Bancorp in the 3rd quarter valued at $2,043,000. Barclays PLC boosted its stake in Enterprise Bancorp by 69.6% in the 3rd 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. Geode Capital Management LLC increased its holdings in Enterprise Bancorp by 3.9% during the 3rd 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Enterprise Bancorp by 170.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock valued at $664,000 after purchasing an additional 13,084 shares during the period. 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.