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

StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a report issued on Monday. The brokerage issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Price Performance

EBTC stock opened at $39.76 on Monday. The firm has a 50 day moving average price of $41.45 and a 200-day moving average price of $37.34. The firm has a market capitalization of $495.37 million, a price-to-earnings ratio of 12.74 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 company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

Enterprise Bancorp (NASDAQ:EBTC) last announced its quarterly 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%.

Enterprise Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Monday, February 10th. Enterprise Bancorp’s payout ratio is currently 32.05%.

Institutional Investors Weigh In On Enterprise Bancorp

A number of hedge funds have recently bought and sold shares of EBTC. Empowered Funds LLC raised its position in Enterprise Bancorp by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 58,007 shares of the savings and loans company’s stock worth $1,854,000 after purchasing an additional 2,948 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Enterprise Bancorp in the 3rd quarter worth about $223,000. Siena Capital Partners GP LLC increased its position in shares of Enterprise Bancorp by 9.7% during the third quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock worth $4,771,000 after acquiring an additional 13,222 shares during the period. Martingale Asset Management L P raised its stake in shares of Enterprise Bancorp by 6.0% during the third quarter. Martingale Asset Management L P now owns 25,641 shares of the savings and loans company’s stock valued at $819,000 after acquiring an additional 1,441 shares in the last quarter. Finally, Banc Funds Co. LLC boosted its holdings in shares of Enterprise Bancorp by 5.0% in the third quarter. Banc Funds Co. LLC now owns 106,004 shares of the savings and loans company’s stock valued at $3,388,000 after purchasing an additional 5,000 shares during the period. 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.