StockNews.com Initiates Coverage on Enterprise Bancorp (NASDAQ:EBTC)

Stock analysts at StockNews.com initiated coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Enterprise Bancorp Price Performance

NASDAQ EBTC opened at $40.16 on Tuesday. 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 has a market cap of $500.35 million, a PE ratio of 12.87 and a beta of 0.49. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.41. The firm’s 50-day simple moving average is $41.55 and its two-hundred day simple moving average is $37.59.

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%.

Institutional Trading of Enterprise Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP purchased a new position in Enterprise Bancorp during the 3rd quarter valued at about $2,043,000. Rhumbline Advisers boosted its position in shares of Enterprise Bancorp by 10.0% in the fourth quarter. Rhumbline Advisers now owns 16,009 shares of the savings and loans company’s stock valued at $633,000 after acquiring an additional 1,452 shares during the period. State Street Corp grew its stake in Enterprise Bancorp by 1.7% during the third 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 in the last quarter. Barclays PLC grew its stake in Enterprise Bancorp by 69.6% during the third quarter. Barclays PLC now owns 22,836 shares of the savings and loans company’s stock valued at $729,000 after acquiring an additional 9,373 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in Enterprise Bancorp during the 4th quarter worth approximately $2,562,000. 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.