Enterprise Bancorp (NASDAQ:EBTC) Earns Hold Rating from Analysts at StockNews.com

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

Enterprise Bancorp Stock Performance

Shares of EBTC opened at $40.13 on Tuesday. The company has a market capitalization of $499.98 million, a price-to-earnings ratio of 12.86 and a beta of 0.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. Enterprise Bancorp has a 1 year low of $22.60 and a 1 year high of $44.41. The company’s 50 day simple moving average is $41.56 and its 200 day simple moving average is $37.66.

Enterprise Bancorp (NASDAQ:EBTC) last posted its quarterly earnings data 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%.

Enterprise Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. This is an increase from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s dividend payout ratio is currently 32.05%.

Institutional Investors Weigh In On Enterprise Bancorp

Hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Enterprise Bancorp during the third quarter worth approximately $223,000. Martingale Asset Management L P increased its holdings in shares of Enterprise Bancorp by 6.0% during the 3rd quarter. Martingale Asset Management L P now owns 25,641 shares of the savings and loans company’s stock worth $819,000 after buying an additional 1,441 shares during the last quarter. Banc Funds Co. LLC increased its holdings in shares of Enterprise Bancorp by 5.0% during the 3rd quarter. Banc Funds Co. LLC now owns 106,004 shares of the savings and loans company’s stock worth $3,388,000 after buying an additional 5,000 shares during the last quarter. State Street Corp raised its position in shares of Enterprise Bancorp by 1.7% in the 3rd quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock worth $6,398,000 after buying an additional 3,257 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Enterprise Bancorp in the third quarter valued at $2,043,000. 38.93% of the stock is owned by institutional investors and hedge funds.

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.