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

Investment analysts at StockNews.com started 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 Up 0.1 %

Shares of EBTC opened at $43.05 on Thursday. The company has a market capitalization of $535.11 million, a price-to-earnings ratio of 13.80 and a beta of 0.54. The stock’s 50-day moving average price is $41.21 and its 200-day moving average price is $35.27. 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 52 week low of $22.60 and a 52 week high of $44.41.

Enterprise Bancorp (NASDAQ:EBTC) last issued 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%.

Hedge Funds Weigh In On Enterprise Bancorp

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Enterprise Bancorp by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 492,405 shares of the savings and loans company’s stock worth $19,470,000 after purchasing an additional 8,238 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Enterprise Bancorp by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 376,137 shares of the savings and loans company’s stock valued at $14,873,000 after acquiring an additional 9,203 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Enterprise Bancorp by 3.9% in the third quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock valued at $7,467,000 after acquiring an additional 8,703 shares in the last quarter. State Street Corp lifted its position 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 valued at $6,398,000 after acquiring an additional 3,257 shares in the last quarter. Finally, Siena Capital Partners GP LLC lifted its position in shares of Enterprise Bancorp by 9.7% in the third quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock valued at $4,771,000 after acquiring an additional 13,222 shares in the last quarter. Hedge funds and other institutional investors 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.