Enterprise Bancorp (NASDAQ:EBTC) Coverage Initiated by Analysts at StockNews.com

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

Enterprise Bancorp Stock Down 1.3 %

Enterprise Bancorp stock opened at $39.72 on Friday. The company has a fifty day simple moving average of $37.05 and a 200 day simple moving average of $31.38. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. Enterprise Bancorp has a 1-year low of $22.60 and a 1-year high of $44.08. The company has a market cap of $493.68 million, a P/E ratio of 13.70 and a beta of 0.56.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Enterprise Bancorp by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock valued at $8,797,000 after buying an additional 8,216 shares during the last quarter. Geode Capital Management LLC raised its position in Enterprise Bancorp by 3.9% during the third quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock worth $7,467,000 after acquiring an additional 8,703 shares in the last quarter. State Street Corp raised its position 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 worth $6,398,000 after acquiring an additional 3,257 shares in the last quarter. Siena Capital Partners GP LLC lifted its stake in Enterprise Bancorp by 9.7% in the third quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock valued at $4,771,000 after acquiring an additional 13,222 shares during the last quarter. Finally, Banc Funds Co. LLC grew its position in shares of Enterprise Bancorp by 5.0% in the 3rd quarter. Banc Funds Co. LLC now owns 106,004 shares of the savings and loans company’s stock valued at $3,388,000 after acquiring an additional 5,000 shares during the period. 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.