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

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

Enterprise Bancorp Stock Up 1.4 %

Shares of Enterprise Bancorp stock opened at $43.15 on Friday. The company has a 50-day simple moving average of $41.35 and a two-hundred day simple moving average of $36.24. Enterprise Bancorp has a 52-week low of $22.60 and a 52-week high of $44.41. 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 capitalization of $537.56 million, a PE ratio of 13.83 and a beta of 0.54.

Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly earnings data 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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Picton Mahoney Asset Management raised its holdings in shares of Enterprise Bancorp by 36.6% during the fourth quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock valued at $35,000 after purchasing an additional 237 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Enterprise Bancorp by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock valued at $175,000 after buying an additional 948 shares during the period. Harbor Group Inc. purchased a new position in shares of Enterprise Bancorp in the 4th quarter worth $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 worth $225,000 after acquiring an additional 301 shares during the period. Finally, Wells Fargo & Company MN increased its position in Enterprise Bancorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company’s stock valued at $230,000 after acquiring an additional 1,267 shares during the last quarter. Institutional investors own 38.93% of the company’s stock.

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.