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

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

Enterprise Bancorp Stock Performance

Enterprise Bancorp stock opened at $40.06 on Thursday. Enterprise Bancorp has a 52 week low of $22.60 and a 52 week high of $44.08. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market cap of $497.91 million, a P/E ratio of 13.81 and a beta of 0.56. The stock has a 50 day moving average of $36.36 and a 200-day moving average of $30.83.

Enterprise Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were paid a $0.24 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.40%. Enterprise Bancorp’s dividend payout ratio (DPR) is presently 33.10%.

Institutional Trading of Enterprise Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in shares of Enterprise Bancorp in the 2nd quarter valued at about $807,000. Bank of New York Mellon Corp boosted its stake in Enterprise Bancorp by 14.1% in the second quarter. Bank of New York Mellon Corp now owns 39,010 shares of the savings and loans company’s stock valued at $971,000 after acquiring an additional 4,824 shares during the period. Rhumbline Advisers boosted its stake in Enterprise Bancorp by 2.8% in the second quarter. Rhumbline Advisers now owns 15,083 shares of the savings and loans company’s stock valued at $375,000 after acquiring an additional 406 shares during the period. American Century Companies Inc. grew its holdings in shares of Enterprise Bancorp by 35.4% during the second quarter. American Century Companies Inc. now owns 55,751 shares of the savings and loans company’s stock valued at $1,387,000 after purchasing an additional 14,563 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Enterprise Bancorp by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 353,592 shares of the savings and loans company’s stock worth $8,797,000 after purchasing an additional 8,216 shares during the period. 38.93% of the stock is owned by institutional investors.

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.