Enterprise Bancorp (NASDAQ:EBTC) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Enterprise Bancorp, Inc. (NASDAQ:EBTC)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $39.59 and traded as low as $39.41. Enterprise Bancorp shares last traded at $39.50, with a volume of 15,448 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on Enterprise Bancorp in a research note on Tuesday, May 20th. They set a “hold” rating on the stock.

Enterprise Bancorp Trading Down 0.8%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a 50 day simple moving average of $38.10 and a two-hundred day simple moving average of $39.59. The firm has a market capitalization of $494.07 million, a P/E ratio of 12.66 and a beta of 0.75.

Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings data on Thursday, April 17th. The savings and loans company reported $0.84 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%. The business had revenue of $43.88 million for the quarter.

Enterprise Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, May 12th. Enterprise Bancorp’s dividend payout ratio is presently 30.58%.

Institutional Investors Weigh In On Enterprise Bancorp

Several large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of Enterprise Bancorp during the 1st quarter valued at $702,000. AQR Capital Management LLC increased its position in shares of Enterprise Bancorp by 9.6% during the 1st quarter. AQR Capital Management LLC now owns 7,609 shares of the savings and loans company’s stock valued at $296,000 after purchasing an additional 669 shares during the last quarter. Magnetar Financial LLC increased its position in shares of Enterprise Bancorp by 20.0% during the 1st quarter. Magnetar Financial LLC now owns 77,732 shares of the savings and loans company’s stock valued at $3,026,000 after purchasing an additional 12,945 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Enterprise Bancorp during the 1st quarter valued at $1,075,000. Finally, American Century Companies Inc. increased its position in shares of Enterprise Bancorp by 112.4% during the 1st quarter. American Century Companies Inc. now owns 133,104 shares of the savings and loans company’s stock valued at $5,182,000 after purchasing an additional 70,436 shares during the last quarter. 38.93% of the stock is owned by hedge funds and other institutional investors.

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.