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

StockNews.com assumed coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research note released on Monday. The firm issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Stock Up 0.8 %

Shares of NASDAQ EBTC opened at $39.84 on Monday. 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 firm has a market capitalization of $496.37 million, a price-to-earnings ratio of 12.77 and a beta of 0.49. The stock has a 50 day moving average price of $41.39 and a 200 day moving average price of $37.27. Enterprise Bancorp has a 52-week low of $22.60 and a 52-week high of $44.41.

Enterprise Bancorp (NASDAQ:EBTC) last posted its 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%.

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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s dividend payout ratio is currently 32.05%.

Institutional Trading of Enterprise Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in EBTC. Picton Mahoney Asset Management lifted its holdings in shares of Enterprise Bancorp by 36.6% during the 4th 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 purchasing an additional 948 shares during the last quarter. Harbor Group Inc. purchased a new stake in shares of Enterprise Bancorp during the 4th quarter valued at $203,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Enterprise Bancorp during the 3rd quarter valued at $223,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Enterprise Bancorp by 5.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company’s stock valued at $225,000 after purchasing an additional 301 shares during the last quarter. 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.