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

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

Enterprise Bancorp Price Performance

Shares of EBTC opened at $33.77 on Thursday. Enterprise Bancorp has a one year low of $22.60 and a one year high of $44.41. The stock’s fifty day moving average is $40.02 and its 200-day moving average is $38.13. 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 $420.74 million, a price-to-earnings ratio of 10.82 and a beta of 0.56.

Enterprise Bancorp (NASDAQ:EBTC) last announced its earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share (EPS) 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 have recently modified their holdings of the company. Picton Mahoney Asset Management raised its holdings in shares of Enterprise Bancorp by 36.6% in the 4th quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock worth $35,000 after purchasing an additional 237 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Enterprise Bancorp by 27.3% in the fourth 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 in the last quarter. Harbor Group Inc. acquired a new stake in shares of Enterprise Bancorp during the 4th quarter valued at $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $225,000 after acquiring an additional 301 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Enterprise Bancorp by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 5,809 shares of the savings and loans company’s stock worth $230,000 after acquiring an additional 1,267 shares during the last quarter. 38.93% of the stock is currently owned by institutional investors and hedge funds.

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.