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

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

Enterprise Bancorp Stock Down 1.8 %

Shares of EBTC stock opened at $42.87 on Thursday. The stock has a 50 day moving average of $40.95 and a 200-day moving average of $35.12. The firm has a market cap of $532.87 million, a PE ratio of 13.74 and a beta of 0.54. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. Enterprise Bancorp has a 12 month low of $22.60 and a 12 month high of $44.41.

Enterprise Bancorp (NASDAQ:EBTC) last released 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%.

Institutional Trading of Enterprise Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of EBTC. Picton Mahoney Asset Management boosted its stake in 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 worth $35,000 after buying an additional 237 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Enterprise Bancorp during the 3rd quarter worth about $111,000. Harbor Group Inc. bought a new position in shares of Enterprise Bancorp during the 4th quarter worth about $203,000. Private Advisor Group LLC acquired a new stake in shares of Enterprise Bancorp during the 3rd quarter valued at about $212,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Enterprise Bancorp in the third quarter valued at about $223,000. 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.