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

StockNews.com began coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Stock Down 1.4 %

Shares of EBTC opened at $43.77 on Wednesday. The stock has a 50 day moving average price of $40.55 and a 200 day moving average price of $34.78. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $544.06 million, a price-to-earnings ratio of 14.03 and a beta of 0.54. Enterprise Bancorp has a one year low of $22.60 and a one year high of $44.41.

Enterprise Bancorp (NASDAQ:EBTC) last issued its earnings results on Tuesday, January 28th. The savings and loans company reported $0.86 EPS for the quarter. Enterprise Bancorp had a net margin of 15.30% and a return on equity of 11.15%.

Enterprise Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. This is a positive change from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s payout ratio is 30.77%.

Institutional Trading of Enterprise Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in Enterprise Bancorp in the 4th quarter valued at about $278,000. Spinnaker Trust acquired a new position in Enterprise Bancorp in the fourth quarter valued at about $1,689,000. Rhumbline Advisers boosted its position in shares of Enterprise Bancorp by 10.0% during the 4th quarter. Rhumbline Advisers now owns 16,009 shares of the savings and loans company’s stock worth $633,000 after purchasing an additional 1,452 shares during the period. ABC Arbitrage SA purchased a new position in shares of Enterprise Bancorp during the fourth quarter worth $2,342,000. Finally, Empowered Funds LLC grew its position in Enterprise Bancorp by 5.0% in the 4th quarter. Empowered Funds LLC now owns 60,917 shares of the savings and loans company’s stock valued at $2,409,000 after acquiring an additional 2,910 shares in the last quarter. 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.