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

StockNews.com started coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research note published on Tuesday. The brokerage issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Stock Up 1.3 %

NASDAQ:EBTC opened at $42.74 on Tuesday. The company’s 50 day moving average is $39.79 and its two-hundred day moving average is $34.14. The company has a market cap of $531.26 million, a PE ratio of 14.74 and a beta of 0.54. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.08. 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 (NASDAQ:EBTC) last announced its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share for the quarter. Enterprise Bancorp had a net margin of 14.53% and a return on equity of 10.48%.

Enterprise Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.25 per share. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. Enterprise Bancorp’s payout ratio is 33.10%.

Hedge Funds Weigh In On Enterprise Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of EBTC. SG Americas Securities LLC purchased a new stake in shares of Enterprise Bancorp in the 3rd quarter valued at $111,000. Harbor Group Inc. acquired a new position in Enterprise Bancorp during the fourth quarter valued at $203,000. Private Advisor Group LLC purchased a new stake in Enterprise Bancorp in the third quarter valued at $212,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Enterprise Bancorp during the 3rd quarter worth about $223,000. Finally, Cabot Wealth Management Inc. purchased a new position in shares of Enterprise Bancorp during the 3rd quarter valued at about $234,000. Institutional investors and hedge funds own 38.93% of the company’s stock.

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.