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

Stock analysts at StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the savings and loans company’s stock.

Enterprise Bancorp Trading Down 0.4 %

NASDAQ EBTC opened at $39.96 on Tuesday. Enterprise Bancorp has a one year low of $22.60 and a one year high of $44.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $497.86 million, a P/E ratio of 12.81 and a beta of 0.49. The stock’s 50-day moving average is $41.56 and its 200-day moving average is $37.68.

Enterprise Bancorp (NASDAQ:EBTC) last posted 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 return on equity of 11.15% and a net margin of 15.30%.

Institutional Trading of Enterprise Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Picton Mahoney Asset Management grew its holdings in shares of Enterprise Bancorp by 36.6% during the fourth quarter. Picton Mahoney Asset Management now owns 884 shares of the savings and loans company’s stock worth $35,000 after buying an additional 237 shares in the last quarter. SG Americas Securities LLC boosted its position in Enterprise Bancorp by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 4,421 shares of the savings and loans company’s stock worth $175,000 after acquiring an additional 948 shares during the last quarter. Harbor Group Inc. bought a new position in shares of Enterprise Bancorp during the 4th quarter worth approximately $203,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Enterprise Bancorp in the third quarter valued at approximately $223,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Enterprise Bancorp by 5.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,683 shares of the savings and loans company’s stock worth $225,000 after purchasing an additional 301 shares in the last quarter. 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.