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

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

Enterprise Bancorp Stock Performance

Shares of EBTC stock opened at $36.38 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a market cap of $453.26 million, a P/E ratio of 11.66 and a beta of 0.56. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.41. The business has a 50 day moving average of $40.35 and a two-hundred day moving average of $38.10.

Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly 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

Several institutional investors have recently made changes to their positions in EBTC. State Street Corp lifted its position in Enterprise Bancorp by 1.7% during the 3rd quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock worth $6,398,000 after acquiring an additional 3,257 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Enterprise Bancorp in the 3rd quarter worth about $2,043,000. Barclays PLC grew its holdings in shares of Enterprise Bancorp by 69.6% during the third quarter. Barclays PLC now owns 22,836 shares of the savings and loans company’s stock worth $729,000 after purchasing an additional 9,373 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Enterprise Bancorp by 3.9% during the third quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock worth $7,467,000 after purchasing an additional 8,703 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Enterprise Bancorp by 170.4% in the third 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 last quarter. 38.93% of the stock is currently owned by institutional investors and hedge funds.

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.