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

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

Enterprise Bancorp Stock Up 3.4 %

EBTC stock opened at $41.45 on Monday. The company has a market cap of $515.22 million, a price-to-earnings ratio of 14.29 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 business has a 50 day moving average price of $38.90 and a two-hundred day moving average price of $33.26. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

Hedge Funds Weigh In On Enterprise Bancorp

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new position in shares of Enterprise Bancorp during the 3rd quarter worth approximately $2,043,000. Assenagon Asset Management S.A. raised its position in shares of Enterprise Bancorp by 102.2% in the third quarter. Assenagon Asset Management S.A. now owns 65,591 shares of the savings and loans company’s stock valued at $2,096,000 after purchasing an additional 33,153 shares during the period. American Century Companies Inc. lifted its stake in shares of Enterprise Bancorp by 35.4% during the 2nd quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock worth $1,387,000 after buying an additional 14,563 shares during the last quarter. Siena Capital Partners GP LLC boosted its holdings in shares of Enterprise Bancorp by 9.7% during the 3rd quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock worth $4,771,000 after buying an additional 13,222 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Enterprise Bancorp by 170.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,762 shares of the savings and loans company’s stock valued at $664,000 after acquiring an additional 13,084 shares during the period. 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.