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

Analysts at StockNews.com started coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research note issued to investors on Monday. The firm set a “hold” rating on the savings and loans company’s stock.

Enterprise Bancorp Price Performance

Shares of NASDAQ:EBTC opened at $39.63 on Monday. The company’s fifty day moving average is $41.42 and its two-hundred day moving average is $37.33. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. Enterprise Bancorp has a 12-month low of $22.60 and a 12-month high of $44.41. The company has a market cap of $493.75 million, a P/E ratio of 12.70 and a beta of 0.49.

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

Hedge Funds Weigh In On Enterprise Bancorp

Hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new position in shares of Enterprise Bancorp in the third quarter worth $2,043,000. Rhumbline Advisers increased its stake in shares of Enterprise Bancorp by 10.0% in the fourth quarter. Rhumbline Advisers now owns 16,009 shares of the savings and loans company’s stock worth $633,000 after acquiring an additional 1,452 shares during the last quarter. State Street Corp increased its stake in shares of Enterprise Bancorp by 1.7% in the third 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. Barclays PLC increased its stake in shares of Enterprise Bancorp by 69.6% in the third quarter. Barclays PLC now owns 22,836 shares of the savings and loans company’s stock worth $729,000 after acquiring an additional 9,373 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enterprise Bancorp in the third quarter worth $223,000. 38.93% of the stock is 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.