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

StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research note released on Saturday. The firm issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Stock Performance

Enterprise Bancorp stock opened at $38.76 on Friday. The company has a market cap of $481.75 million, a PE ratio of 13.37 and a beta of 0.54. 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’s 50-day moving average is $37.92 and its two-hundred day moving average is $32.16.

Enterprise Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a $0.24 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.96 dividend on an annualized basis and a yield of 2.48%. Enterprise Bancorp’s payout ratio is presently 33.10%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EBTC. Wellington Management Group LLP bought a new stake in Enterprise Bancorp in the third quarter valued at about $2,043,000. Assenagon Asset Management S.A. grew its position in shares of Enterprise Bancorp by 102.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company’s stock worth $2,096,000 after buying an additional 33,153 shares during the period. American Century Companies Inc. increased its stake in shares of Enterprise Bancorp by 35.4% in the 2nd quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock valued at $1,387,000 after acquiring an additional 14,563 shares during the last quarter. Siena Capital Partners GP LLC raised its position in shares of Enterprise Bancorp by 9.7% in the 3rd 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 period. Finally, JPMorgan Chase & Co. boosted its stake in Enterprise Bancorp by 170.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock worth $664,000 after acquiring an additional 13,084 shares during the last quarter. Institutional investors and hedge funds 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.